Showing posts with label Who's Who. Show all posts
Showing posts with label Who's Who. Show all posts

Friday, October 10, 2008

Media Conclave

The Great Indian Media Circus – Just who is watching whom

The discussion starts with Vinay Tewari asking the panelists discussing how much the TV and the newspapers had got it wrong. What followed is relatively reproduced below with some accuracy.

Vinay Tewari: From going from 10 to 180 channels it’s taken 10 years. TV is a 24 x7 medium as opposed to news which gets to go to bed. It’s like an F1 race – and you’re always looking over your shoulder at other channels. Newspapers have a certain level of industry benchmarks and standards because they’ve been around for over 150 years. But there hasn’t been any such thing in television because it’s so new. I have to produce a new edition virtually every hour! And we need to hire people who can take decisions and people who can think laterally and horizontally.

Very senior people are taking decisions in TV who don’t have this horizontal ability – and that is what the big problem is.

Gurcharan Das: I’d like to introduce a dissenting note here. The consumer is not stupid. If someone is doing stupid or making a false move, the remote does the job for the consumer and he never watches the channel again. I think let the hundred flowers bloom - it’s wonderful to see the young people, the body language of a free nation. You get to see this freedom on television and I celebrate this. The industry will destroy the non performers.

VT: That’s actually the note on which we should move on to the next thing. The problem today is that the consumer isn’t necessarily king – and we don’t know if this measurement of TRP is just the right thing to do – or whether it’s being done the right way. (He’s going on and on like a bullet train).

While we do have a remote, today if we find ads in newspapers claiming number 1 or 2, we don’t know what basis the claims are made on!

GD: I remember working as a brand mgr in the US and Nielsen used to measure 60 million homes then.

VT: (interrupts) The complaint to the TRAI is that they should be allowed to improve the technology and...

GD: (again putting CP!): I think the problem is that they want a system that is reflecting the reality.

VT: As an English channel, it worries that no one in the north East or Bihar is measured at all.

GD: I disagree with that – people in Bihar and other places consume toothpaste etc – and we are interested in advertising to them. Bhubaneswar and Patna were very important and solid markets even in their worst times.

The video of Shereen Bhan is shown:

Has sudden rise in the number of news channels degraded the quality of news content?

People are only trying harder to come up with innovation and uniqueness and some way of differentiation. At least in the English news space, the content has improved.....

Pramath Sinha: There’s a lot more pressure to generate revenues – and therefore India has become an advertising supported market – which is a numbers game. So I can’t just say I’m going to give good content...because people who are buying are actually advertisers. Once the advertiser walks in, ad agency planners will focus on revenues.

Narender Pani: It’s obvious that advertising has taken over – and rural markets have been left out. Maybe this will turn out to be a disadvantage having left out the rural areas.

GD: My column goes into 8 regional newspapers – and I find that there is a lot of rural readership.

NP: IF we take what happens to Vijay Times – it was the no 2 paper in the state – and its rural branches were closed down.

Raju Narisetti: the fundamental thing is that a newspaper that actually costs us Rs 8.5 to turn out is sold at just Rs. 2. In other countries, horrible papers are sold for the equivalent of Rs. 10. Thus we have degraded ourselves in the eyes of the audience – just as much as the cup of coffee costs in Delhi.

The principle of competition doesn’t kick in because papers like the Statesman are still selling 5000 copies in Calcutta whereas it should have been long dead.

VT: There’s a controversy that a channel like India TV which hardly anyone watches is at the top of TRP ratings, and something like NDTV India is at no. 6. I’ve seen things like “Lift mein Bhoot”, 2 hr shows on the reconstruction of skull and bones in a graveyard – and that particular 2.5 hrs gave them the highest ratings!!!! All this at a time when parliament was discussing the nuclear deal. (His blackberry is buzzing and this is killing the mike system – very very painful indeed J)

GD: just shows that this particular group is not representative and there are all sorts of people in the world.

(Audience: But does that classify as news on a news channel?)

VT: I don’t think it should. But the concept of news has changed. Everything catching attention is now defined as news.

GD: Media looks to people, and also influences people. Bollywood is a very good example of this. One day there was a thaw in the relations between Israel and Palestine. The newscaster on ZTV said – “Aaj middle east mein peace ho gayi” She used 3 words of Hindi and 3 words of Hindi – if this had happened in 1990 DD, she would’ve been sacked. What’s happening is that the media is reflecting the liberalisation of the young person’s mind in our country. Now we call it hinglish because there are really 2 trends. I prefer to call it English with an I because it’s happening at a regional level.

Whether it’s advertising or any area, you cannot be a copy writer and know only English. Even in our childhood we mixed words and language – but it was the lower class trying to mix with the middle class. But now it’s become a fashionable language. We’re doing something like Urdu was created. To me, it is a media interaction where media is deciding the language we speak...

NP: I agree with that. Today you’re trying to influence the viewer by speaking his language. I don’t have to accept any standards – I can just go by what runs in society.

GD: But that's the down side of democracy. Because of that you have to reflect the will of the people, and you have to accept that people are not fools. WSJ is a terrific example of how well things are written.

RN: The good news is that the balance of power is shifting to all of you. In the next few years the audience is going to get more power and that will hopefully rectify the situation. The whole industry is maturing and this is just a changing phase.

VT: There are 2 things in this country no one understands - one is the media and other is Duckworth Lewis.....For e.g. when Ranbir Kapoor’s driver had an accident - they ran it for 15 mins saying that this popular guy must have had an accident or something.

Moves on to Q&A before ending...

Thursday, October 9, 2008

The Who's Who of Vista 2008 - Part II

We’re back, with another edition of the Who’s Who at Vista ’08! Last time, we promised you guys a mind-blowing evening with some of the biggest and brightest names in print and television at our Media Conclave. Today, we bring you our esteemed panelists for our discussion on this year’s theme ‘Emerging Economies, Emerging Realities’. With the growing economic influence of the emerging economies on the world stage, we figured it was about time we stepped back and took a good look at the broader picture and where we go from here. With that in mind, we got together a team of experts to see what they had to say about it.

Jayanta Roy has over 30 years experience working for World Bank and the Government of India and was part of the team responsible for the reforms that opened up India’s economy in 1991. Not only that, he has also taught at IIMC and Cornell, among others, and you can find his writing regularly in the Financial Express. You’d have only read him before, here’s a chance to catch him live in action.

Next, we have another giant in his field, Manab Majumdar. Currently Senior Director of FICCI and Team Leader of WTO and Foreign Trade Division of the Federation, he has over 20 years experience, both research and professional, in the areas of WTO, Trade Policy, Regional Integration, Globalization etc.He’s even been invited in the past by Japan and Thailand to share his expertise with them. He interfaces with the Government, private sector, civil society and multilateral institutions and now he’s going to be here at IIMB to interact with all of us.

Morgan Stanley, a name known and respected the world over. Hence, it was but natural to invite Narayan Ramachandran, the Global Head of the Emerging Markets Division at Morgan Stanley, to share his views on the how the new economies will affect the world from a financial perspective. He has 17 years of experience in investment banking and was previously the MD at RogersCasey.

In today’s rapidly shrinking world, communication has a vital role to play. Keeping that in mind, we invited Gopi Gopinath, the Vice President of AT&T, Asia Pacific region to join us and share with us his wealth of experiences in the telecom industry.Last, but definitely not least, we have Dr. Saikat Sinha Roy, a Reader in the Economics Dept. at Jadavpur University, Kolkatta. He has worked with the Asian Development Bank and his areas of specialization are Trade and Development and Open Economy Macroeconomics.

No panel is complete without a moderator and we have IIMB’s very own Prof. Prakash G. Apte moderating this year’s discussion. With a Ph.D in Economics from Columbia University and experience in consulting, industry and research, Prof. Apte ranks right up there with our panelists, thus ensuring that this will an unforgettable evening.

So that’s our panel discussion for this year, folks. We’ve slogged over the last few months to ensure that we bring you the best of the best and now, we can sit back with a sigh and say that yes, it’s all been worth it! So take advantage of this unique opportunity and be there to watch these experts discuss how to reconstruct the world, BRIC by BRIC...

Tuesday, October 7, 2008

The Who's Who of Vista 2008

And the countdown continues and we can just feel the excitement in the air as Vista draws ever nearer. So we thought we’d take this opportunity to give the FII seniors a ‘much-welcome’(I’m sure) break from this ever so ‘annoying’ footage and give all of you a sneak preview of the Who’s Who of Vista.

First up, for all the devoted readers out there for whom no morning has truly begun without their copy of Mint, fresh off the presses and delivered to their doorstep, we bring you Raju Narisetti, Mint’s very own editor. This is the man responsible for keeping you abreast of the latest happenings in the business world. One of the highest ranked Indian journalists and with 13 years experience at the Wall Street Journal, his credentials are formidable indeed!

And of course, once the papers are covered, television can’t be far behind. So here’s a little something for all the quizzers…

  • Started his career as a reporter with Onlooker magazine
  • Been editor of Onlooker, Sunday Observer and The Daily
  • Joined Zee TV in 1992 as Head of News and Current Affairs

Any guesses? Inarguably one of the best known faces on Indian television, he’s earned the reputation of being the voice of the people. His show, Aap Ki Adalat, at 13, is the oldest on India news TV and has set new standards for its incisive and unfailingly memorable interviews. Yes, we are talking about Rajat Sharma, Chairman and Editor-in-Chief of India TV, who will be right here on our very own campus in just a few short days.

But wait! That’s not all! Add the Executive Editor of CNN IBN and a renowned author, consultant and public intellectual and you’ve got the perfect mixture for an unforgettable Media Conclave.

Vinay Tewari, after completing Psychology from Lucknow University and receiving his Post-graduate degree in journalism from the Times Center for Media Studies, has risen from being a reporter with The Pioneer in Lucknow to being the Executive Editor of one of the premier Indian news channels.

To complete the quartet, we have Gurcharan Das, author of the widely popular India Unbound. And for those non-readers out there, you can also catch his column in the Sunday TOI and Dainik Bhaskar. To top it off, he has extensive experience in the field, so to speak, having been both the CEO of P&G India, and the Chairman and MD of Richard Hutchinson Ltd.

Whew! Quite an accomplished set! Enough to give some humble souls like ourselves a definite complex. But then again, where would you get such a chance to interact with stalwarts of the Fouth Estate? Where else but IIMB! So be sure to head down to Bangalore to catch our flagship media event and see these media giants in action, only at Vista ’08.