Wednesday, May 05, 2010

Mid-day Changes Hands

According to this article in bestmediainfo Mid-day's print business has been taken over by Jagran Prakashan Ltd.

"The print business, run by MML through its wholly owned subsidiary Mid-Day Infomedia Ltd (MIL), comprises publication brands – viz., Mid-Day (published from Mumbai, Pune, Bangalore and Delhi), Sunday Mid-Day, Gujarati Mid-day and The Inquilab, the largest read Urdu newspaper in the country and all publication related Internet properties."

"As per the Scheme of Arrangement the print business of MML would be demerged and transferred to JPL with effect from April 1, 2010. The Scheme of Arrangement is subject to necessary approvals and consents."

This blogger remembers the day Mid-day was launched. It was one of the best launches of a newspaper in Bombai and even in India. Am a bit wistful to see it change hands.

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