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New York Times Buying Stake in Deccan Chronicle: Reports

imageThe New York Times Company (NYSE: NYT), through International Herald Tribune, is close to picking up a 5 percent stake in Hyderabad-based publisher Deccan Chronicle Holding (DCHL), according to multiple reports. The company will pick up the stake in Sieger Solutions, the ad sales arm of DCHL…besides ad sales, the division also runs event management, outdoor advertising and digital ad sales accounts for about 88 percent of the company’s revenues.

DCHL already has a partnership with NYTCo, under which it publishes an edition of IHT in India..the two companies are likely to extend this relationship into a co-branding, content sharing and syndication partnership, the stories say. More interestingly, a source told Mint that NYTC would also outsource a significant part of the technical work on its online properties to Sieger. More when we get more…

3 Responses to “New York Times Buying Stake in Deccan Chronicle: Reports”

  1. Saramai

    Deccan has an +75% share of the AP market and a +50% share of the Chennai market. While it was a small time paper as late as 5 years ago, it could not have achieved the market share numbers (ABC audited) without satisfying its paying consumers over a period of time. It is a solid down to earth newspaper.

  2. Srinath

    I live in Hyderabad. I read NYTimes every day for the features & the content quality. It'd be really sad if NYTimes takes stake in Deccan Chronicle which is nothing but another Indian paper that practices Yellow journalism.