T.N. Ninan, one of India’s best known journalists, will step down as editor of Business Standard, a paper he part-owns, on 31 December 2009. He will continue as editorial director and chairman of Business Standard Ltd subsequently. He has spent 37 years as a journalist, variously with India Today, The Economic Times and then Business Standard.
Sanjaya Baru, former media advisor to the prime minister and a former editor of Financial Express, will replace him wef 1 January 2010. Baru will come on board at Business Standard on 1 October as consulting editor. Baru will report to Ninan.
“I’m confident that Dr Baru will lead the paper with distinction while continuing to espouse the editorial integrity and values that have made it what it is, and take it to greater heights,” Ninan wrote in an internal memo that went out to staffers this evening.
The memo, which starts as an announcement of Baru’s appointment, hides the bigger news in the second sentence and simply says: “…Dr Baru will succeed me as the Editor of the newspaper on 1 January 2010.”
Ninan declined to comment for this story, saying he has nothing more to add than what is in the memo.
contentSutra recently reported that BS owner Uday Kotak held talks with potential buyers for the paper.