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For the bi-furicated Southern India edition, see The New Indian Express.
The Indian Express is an English-language Indian newspaper owned by Ramnath Goenka started in 1931 by Chennai based Veradharajulu Naidu. After Ramnath Goenka's death in 1991, the group was split in 1999 among his family members into two with the southern editions taking the name The New Indian Express, while the old Indian Express name was retained in the northern editions based in Mumbai with a prefix "The". It is published in all major Indian cities. It is a major and respected Indian newspaper with a worldwide circulation.[1][2][3] The Indian Express is owned by the Indian Express Group with Viveck Goenka as the Chairman and Managing Director. The group also owns other newspapers in India such as the Financial Express, a newspaper focused on the Indian economy, stock markets, and fiscal policies. The group has other publications such as Screen weekly focused on entertainment news,[1] the Marathi-language daily Loksatta, and the Hindi daily Jansatta.
[edit] Business Publications DivisionThe group also runs the Business Publication Division. This division publishes and prints out of its headquarters at Nariman Point in Mumbai a series of B2B magazines such as Express Computer, Express TravelWorld (formerly called Travel and Tourism), Express Pharma (formerly Express Pharma Pulse), Express Hospitality (formerly Express Hotelier & Caterer), the IT-focused Network Magazine, CIO Decisions,Express Healthcare Managementand the newly launched business magazine Express Channel Business The Business Publications Division (BPD) has also ventured into organising events and exhibitions such as Express World. The event is a mix of hospitality, travel and healthcare. BPD also conducts events on IT and organises exhibitions for other parties. In September 2006, BPD's Express TravelWorld organised the exhibition for Travel Agents Association of India (TAAI) 55th annual convention in Hyderabad. The Screen Awards, initiated by Ananya Goenka, are focused on films in India. The awards attempt to position themselves as India's first awards that are given by the film fraternity to the film fraternity by way of a jury, as opposed to the other "popular" awards such as Filmfare and Zee Cine Awards. [edit] History of the groupIndian Express was started by an Ayurvedic doctor and Congress Party member Varadarajulu Naidu in 1932 at Chennai (then Madras) published by his “Tamil Nadu” press. But soon under financial difficulties he sold it to S.Sadanand, founder of The Free Press Journal, a national news agency. In 1933 The Indian Express opened its second office in Madurai and launched the Tamil edition Dinamani. Sadanand introduced several innovations and reduced the price, but was later forced to sell part of the stake in form of convertible debentures to Ramanath Goenka due to financial difficulties. Later when the free press journal collapsed in 1935 Sadanand lost the ownership of Indian Express after a long controversial Court battle with Goenka, where blows were exchanged between some of the parties[citation needed]. Finally a year later Goenka to buy the rest of the 26% stake from Sadanand, and the paper came under Goenka's control who took the already anti-establishment tone of the paper to greater heights.[citation needed] Also at that time it had to face stiff competition from a well established The Hindu and the Mail besides other prominent newspapers. In late 1930s the circulation was no more than 2000[citation needed]. In 1939 it also bought out Andhra Prabha, another prominent Telugu Daily. Later the gained the name Three Musketeers for the three dailies[citation needed]. In 1940 the whole premises were gutted by fire. The Hindu, its rival, helped considerably in re-launching the paper, by getting it printed temporarily at one of its Swadesimithran’s press and later offering its recently vacated premises at 2, Mount Road later to become the landmark Express Estates[citation needed]. This relocation also helped the Express obtain better high speed printing machines, while some claimed the Goenka had deliberately set fire to escape financial embarrassment[citation needed]. In later years Goenka started the Mumbai edition with the landmark Express Towers as his office when the Morning Standard was bought by him in 1944. Two years later to become it became the Mumbai edition of The Indian Express. Later on editions were started in several cities like 1957 the Madurai edition, the 1965 Bangalore edition, and the 1968 Ahmedabad edition. The Financial Express was launched in 1961 from Mumbai, Kannada Prabha (Kannada Daily) from Bangalore in 1965 and a Bangalore edition of the Telugu Daily Andhra Prabha, and Gujarati dailies Lok Satta and Jansatta in 1952, from Ahmedabad and Baroda. The Delhi edition started was when the Tej group's Indian News Chronicle was acquired in 1951, which from 1953 became the Delhi edition of Indian Express. In 1990 the group bought the Sterling group of magazines, and along with it the Gentleman magazine. After Ramanath Goenka’s demise in 1991, two of the family members split the group into Indian Express Mumbai with all the North Indian editions, while the Southern editions were grouped as Express Madurai Ltd. with Chennai as headquarters. [edit] PoliciesThe Indian Express has often carried important investigative reports that had significant consequences. Its coverage of the murder of an engineer working on the national highway project got the Indian Supreme Court to force the Indian Government to commit to a whistleblower law. Its campaign also helped enaction of the Right to Information Act, passed in India in 2005.[citation needed]. The newspaper is known for its intrepid tone. During the Indian Emergency the newspaper refused to subject itself to censorship at the hands of the union government. On June 26 1975, there was no issue of the Indian Express and two days later when an issue did come out, the editorial section was left blank as a sign of protest. [4] [edit] HeadquartersThe Express Group has a Mumbai-headquartered division, which should not be confused with Express Publications Madurai, which brings out a South Indian chain of newspapers, including The New Indian Express and is very much a separate corporate entity from The Express Group. The Indian Express is considered to be far less focused on consumer preferences than its upmarket-targeted competitor, The Times of India. Because of its anti-glamor oriented approach to journalism, and unlike its competitors, the newspaper has now established itself as a neutral and unbiased publication, even while standing as a tough anti-Establishment organ. [edit] Financial DifficultiesThe newspaper saw falling profits between the years 2000-2002 but did not change its policies and the nature of content it carried. The newspaper, however, appointed franchisees to run some of its loss making editions including the Jammu edition (the model was also adopted to launch the Chandigarh edition of The Financial Express - the business paper of the Express Group).Under the franchisee model, the editorial control of the edition was to be retained by the editorial staff appointed by the Express group. The franchise owner was given the control of with the business side, including circulation and generation of revenues. In return the franchise was expected to provide the operational expenses and a one-time fee to the Express group. The model looked good on paper. However, it lead to dilution of the editorial standards as the franchisees sought greater say in the appointment of reporters and selection of content. The conflict between commercial interests and journalistic ethics reached a flaspoint in the The Financial Express, Chandigarh edition, when the franchisee threatened to shut down the edition if he was not given the editorial control. The franchisee ultimately emerged as the winner,leading to the resignation of the Resident Editor of the edition. This was followed by fresh appointments to the Editorial team and the franchisee assuming the role of the Managing Editor.The Express Group, subsequently posted profits of Rs. 45 crores (Rs. 450 million) in 2004. This financial turnaround has been used as a case study in India's highly regarded Indian Institutes of Management in Ahmedabad. [edit] Events/AwardsAwards
Events Information Technology: Hospitality & Travel: [edit] See also
[edit] References[edit] External links
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