It’s been a good year for the news media, with furious attention focused on a flood of scams. The media was itself in the spotlight over the involvement of some journalists in lobbying for business
The year 2010 was a strange year for the print and visual news media sector. While it was definitely an improvement on annus horibilus (Latin for a 'horrible year') 2009 in terms of advertisement revenues and overall growth, it also saw the decline of some of the top players and one of the ugliest controversies in recent times. While the sector performed well overall, it was confronted with some astounding facts as well.
Let's start with the shockers. India, the self-congratulated haven of democracy and free speech, occupied a dishonourable 122nd position in the press freedom index of 'Reporters Without Borders'. That was a setback from last year, but if it is of any comfort (and I know it will be for many), India is still ahead of China and Pakistan. Reporters Sans Frontieres has expressed concern over the safety of journalists reporting on the violence in the 'red corridor', Kashmir and the North-East, citing several instances where the media was blacked out from covering and broadcasting important events by a government order.
But where there's freedom, there's scandal. The Niira Radia controversy led to a shameful exposure of the phenomenon of manufactured news. Journalist biggies like Barkha Dutt and Vir Sanghvi (but mind you, they are only the better-recognised names, certainly not the only ones in the list) had a tough time defending themselves against charges of corruption and doctoring news content for their channels and newspapers. While the government embarrassed itself further with a zero-activity winter session in parliament, corporates resorted to damage control and invoking the privacy law.
If the tainted journalists are banking on the short span of public memory, they may stand a chance. According to a survey released last year, English news channels enjoy only 0.4% of television leadership, so probably most people would not know them. That, is a shallow figure, even considering that news channels manage to attract only 7.5% televiewers in a country that has the fourth largest number of television broadcasting stations.
There was a sense of boredom from the ho-hum homogeneity of news content across channels. Many channels declared they made good profits (like movie channel WB), but there was hardly any evidence to support the claim. In fact, most channels have been sludging under an increasing debt burden and spiralling input costs, as the launch of new channels has intensified the fragmentation in the sector.
The print media, on the other hand, showed healthy growth, quarter-on-quarter. According to the recently released Indian Readership Survey quarter 3 report for the year, almost all dailies have registered growth. Not surprisingly, there was just one English newspaper in the top 10; it was 'The Times of India'. The 'Dainik Jagran' Hindi news daily led the table overall with a readership figure of more than 54 lakh, followed by 'Dainik Bhaskar' and 'Hindustan'. This success is attributed to increased literacy rates, a steady readership base in Uttar Pradesh, Madhya Pradesh and Rajasthan and lowering of prices.
'The Times of India' was followed by 'Hindustan Times', which beat 'DNA'. 'The Hindu' and 'The Telegraph' retained their positions, but saw a decline in readership. Most of the regional publications-Gujarati, Bengali, Kannada and Malayalam-saw an improvement.
But magazines suffered a decline overall. This was more pronounced in Hindi, where, apart from 'Pratiyogita Darpan', none of the top rankers registered positive growth. 'Saras Salil' held the top spot, 'India Today' (Hindi) stood at number three after 'Pratiyogita Darpan'. 'India Today' was the leader in the English magazines category, followed by the ever-popular 'Readers' Digest' and 'General Knowledge Today'. 'Outlook' magazine got a boost after its sensational Radia tape leaks, and it cemented its position in sixth spot.
Surprisingly, the business segment, which was written off by many media speculators, performed very well in 2010. 'The Economic Times' entered the top seven English dailies list, beating even 'DNA' and 'Mumbai Mirror'. It was followed by 'Mint' and 'Business Standard', and unlike television, all magazines showed an increased in readership.
The coming year will see a further boost in the media sector. Pitch- Madison Media Advertising Outlook 2010 has forecast that the advertisement pie will grow by a whooping 13% to about Rs21,000 crore in 2011. This could also indicate the expectations resting on the shoulders of media professionals.
There is a lot happening these days, not just in India, but around the world too, which should make 2011 another exciting year for the media. But with the internet emerging as a strong alternative for news and more, conventional media will have to gear up for a competitive fight. Business aside, the subject of integrity and credibility will continue to be a sore issue.
"This is an area of concern... earlier we thought that it is because of the base effect but it is not merely the base effect. There has been real increase in the prices of certain food items," he said.
Continuing its rise for the fifth consecutive week, food inflation rose to a 10-week high of 14.44 per cent for the week ended December 18 as prices of vegetables, fruits and protein-based products continued to escalate.
"We are waiting for the full monthly figure. Weekly variations are there. Whether these are corrected in the coming week that is to be seen," Mukherjee said. Food articles contribute about 14 per cent in the wholesale price index.
While the government is concerned over the rising food prices, Mukherjee expressed hope that the overall inflation for the financial year would be around 6.5 per cent.
"I am still holding that year-end inflation may be around 6.5 per cent," he said.
Mukherjee's estimates of year end inflation, however, is higher than 5.5 per cent indicated by Prime Minister Manmohan Singh earlier this month.
On an annual basis, onions became costlier by 39.66 per cent, whereas on a week-on-week basis, the increase was 3.49 per cent.
The rate of price rise of vegetables was 29.26 per cent on an annual basis, while on a weekly basis, it was 4.58 per cent.
Fruits became 21.97 per cent more expensive, while milk was 17.75 per cent costlier on a year-on-year basis during the week under review.
Similarly, egg, meat and fish prices rose by 20.34 per cent on an annual basis.
New Delhi: Copper and nickel prices rose up to Rs 5 per kg on the local non-ferrous metal market today on increased industrial demand, supported by a firm trend at the London Metal Exchange.
Trading sentiment bolstered after copper surged to records in London and New York on speculation the global recovery is gaining pace and as investor concerns about tightening in China eased after manufacturing growth in the world?s largest metals user slowed.
Meanwhile, copper for three-month rose by 1.6 per cent to USD 9,550 a tonne, surpassing the previous peak of 9,447 dollar reached yesterday. Nickel also gained 1.3 per cent to USD 24,147 a tonne.
Copper wire scrap, copper wire bar and copper mixed scrap remained in demand and advanced by Rs 2 each Rs 472, Rs 496 and Rs 457, while nickel (4x4) gained Rs 5 to Rs 1,020-1,022 per kg, respectively.
Following were today's quotations in Rs per kg:
Tin ingot 820, zinc ingot 134.50, nickel plate (4x4) 1,020-1,022, gun metal scrap 226 bell metal scrap 228, copper wire scrap 472, copper wire bar 496, copper mixed scrap 457, Utensil scrap 224, Chadripital 175.
Lead ingot 137, lead imported 139, aluminium ingots 102, sheet cutting 105, aluminium wire scrap 102 and aluminium utensils scrap 102.