The Times Group
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|Headquarters||New Delhi, India|
|Key people||Indu Jain
(Vice-Chairman & MD)
|Products||Broadcasting, publishing, radio, Internet, films and cable TV, event management, entertainment|
|Revenue||US$ 1.5 billion (2011)|
The Times Group (also referred as Bennett, Coleman and Co. Ltd.) is the largest mass media company in India. The company remains a family-owned business as the descendants of Sahu Jain family controls majority stake in Times Group. The Times Group has over 11,000 employees and revenue exceeding $1.5 billion.
||This article is in a list format that may be better presented using prose. (March 2013)|
1838: The first edition appears on 3 November 1838, known as The Bombay Times and Journal of Commerces as a semi-weekly edition by Raobahadur Narayan Dinanath Velkar, a Maharashtrian Reformist. The newspaper was published twice a week ( Saturday and Wednesday) under editor J.E. Brennan. It is basically a city paper reflecting the interest of Bombay's business community.
1846-1857: The newspaper changes hands and George Buist, LL.D, F.R.S., becomes the editor of the Times from 1840 to 1857.
1850: Shareholders decide to increase the share capital and the paper is converted into a daily.
1859: Bombay Standard and Chronicle of Western India merges into The Bombay Times and Journal of Commerce to form Bombay Times & Standard
1890: Editor Henry Curwen buys The Times of India in partnership with Charles Kane.
1892: Following Curwen's death, Thomas Jewell Bennett becomes the editor and enters into a partnership with Franck Morris Coleman to form a joint stock company - Bennett, Coleman & Co. Ltd. (BCCL).
1907: In the newspaper's first price war under editor Stanley Reed, the price is cut from 4 annas to 1 anna, and circulation rises 5 times.
1946: For the first time, the paper transfers to Indian ownership. Ram Kishan Dalmia buys out Bennett, Coleman & Co. Ltd for Rs. 2 crores.
1948: Sahu Jain Group become the owners of the company after Dalmia sells the firm to recover 2.5 crores he needs to pay back to an insurance company. Sahu Shanti Prasad Jain, son-in-law of Ram Kishan Dalmia, becomes the first chairman of the group.
1950: Delhi edition is launched with K. Gopalswami as the first Indian editor.
1952: Filmfare launched and started by J.C. Jain, the first Indian to be the GM of TOI.
1959: Femina is launched.
1960: Sahu Ramesh Chandra Jain joins BCCL
1961: The Economic Times is launched.
1982: Samir Jain join BCCL.
1984: Times of India, Bombay set up modernized newsroom (including new look classified pages)
1985: Times of India, Delhi set up modernized newsroom (including new look classified pages)
1985: Nandita Jain joins BCCL and started Saturday Times
1986: Vineet Jain joins BCCL. Is not back in Delhi because finishing his education in Switzerland. All Times of India Group marketing, advertising and promotional material is sent to him for his brand orientation.The Economic Times celebrates its Silver Jubilee.Crosses circulation of 100,000 copies for the first time in its publishing history. The paper is printed on white newsprint and becomes "pink' 5 years later!
1986: "MASTERMIND", the Times of India Group consolidated and interlinked newspaper rate card is launched. Causes stir in media circles because it is the country's first ever price positioning exercise. http://www.bestmediainfo.com/2011/05/b4-i-4get-the-vinci-code-of-mastermind/ 'Times of India and Navbharat Times, Patna edition started.
1987: "Saturday Times" is launched in color in February at the first ever Times of India Group Management conference in Goa. "MASTERMIND" is run in color. The Times Group brand building activity starts in earnest. Printing of The Times of India from Kandivili Press.
1988: The Times of India celebrates 150 years.Celebration is continued for 2 more years due to its immense success in catalyzing art, music and fashion industries in India.Times of India organised debates rage around the country on role of media,advertising,cinema,journalism, print production and mass communication, and become the precursor of India's economic liberalization.
1989 : The Times Group wins its first ever advertising award (Best B&W Campaign in Print Category)for The Times of India sesquicentennial campaign : "Good Times, Sad Times, Changing Times"
1990: The Times School of Marketing is established as an in-house training school to also cater to the Times Group's need for young interns and personnel. Vineet Jain returns to Delhi.The Economic Times launches "Brand Equity" as "News from the Marketing Battlefront" on Wednesdays. Takes marketing fraternity by storm.Weekend "Corporate Dossier" is also launched by The Economic Times.
1991: BBC features The Times of India among the world's six great newspapers.The Economic Times is launched on "salmon pink" newsprint distinguishes it from other business papers published on white newsprint.Cover price of The Economic Times is dropped to Rs.2/- only. Circulation of The Economic Times surges exponentially under the offer line , " Why beg or borrow when you can steal? At Rs.2/- The Economic Times is a steal!"
1992: Campaign commences to urge readers to read The Times of India and The Economic times together to get a better idea of a vastly changing India. Combo subscription rate offered.
1993: BCCL starts production of television software.
1996: The Times of India crosses 1 million mark in circulation.
1998: BCCL enters into music market with Times Music.
2000: The Times of India crosses the 2 million mark in circulation.
2000: Timesofmoney - JV with Citibank.
2001: 360 Degrees - Event Management Arm launched.
2002: Times Outdoor - Outdoor Advertising & Billboard Marketing.MASTERMIND becomes the longest running media price positioning / rate card "brand" acknowledged by industry as a pioneer and path breaker for over 15 years : http://www.exchange4media.com/5860_mastermind-yields-to-maximizer.html#
- Launch of the Jobs portal Times Jobs.
- Television Business launched with the launch of a lifestyle and entertainment channel called z00m.
- Launch of a television News Channel called Times Now in collaboration with Reuters.
- Radio Mirchi holding company ENIL (Entertainment Network India Limited) lists on the Indian stock markets. It is the first Times Group company to List on the bourses.
- Launch of a Property services Portal Magic Bricks
- TimesMatri is rebranded as Simply Marry
- A new holding company by the name of TBSL is created. This company controls the brands TimesJobs SimplyMarry (earlier called TimesMatri) and MagicBricks
- TimesofMoney launches Remit2Home, to cater to Global Remittance Market
- Acquisition of Vijay Karnataka kannada daily newspaper in Karnataka, India
- Launch of SimplyMarryZine.com
- Launch of The Times of India, Chennai Edition
- Launch of Pune Mirror
- Acquisition of Virgin Radio (now known as Absolute Radio) in the UK
- Launch of Times of India - Goa, along with Goa Mirror. However, the Goa edition has relatively less coverage of happenings in Goa.
- Launch of ET Now - A business news channel
- Launch of Vijayanext Kannada Weekly magazine
- Launch of The Times of India, Coimbatore and Madurai/Trichy Editions
- Launch of The Times of India, Kerala, Visakhapatnam and Raipur(Chhattisgarh) Edition
- Launch of "Alive App * Alive app " in partnership with Adstuck Consulting an Augmented Reality App
- Launch of The Times Of India, Kolhapur Edition.
The company has sixteen publishing centres, fifteen printing centres, fifty-five sales offices, Over 11,000 employees, five dailies, including two of the largest in the country with approx 4.3 million, copies circulated daily, two lead magazines, twenty-nine niche magazines reaching 2468 cities and towns, thirty-two Radio Stations.
Its major brands include:
- The Times of India, World's largest English-language broadsheet daily in terms of circulation
- The Economic Times, India's largest financial daily, and the world's second largest in terms of circulation after The Wall Street Journal
- Maharashtra Times, Marathi daily
- Navbharat Times, Hindi Daily in Delhi and Mumbai
- Sandhya Times, Hindi Daily Evening Tabloid in Delhi
- Mumbai Mirror India's largest circulated compact newspaper
- Kolkata Mirror
- Ahmedabad Mirror
- Pune Mirror
- Bangalore Mirror, Bangalore's first morning compact daily
- Brand Capital, Play a bigger game.[clarification needed]
- Vijaya Karnataka, Kannada daily.
- ZigWheels, India's largest Automobile magazine.
- ET Wealth, India's largest Personal Finance compact weekly.
The Times of India competes with HT Media, the media conglomerate that owns of English-language newspaper Hindustan Times and the Hindi daily Hindustan. Those two alone had a daily readership of 12.7 million according to their website.
The Times Group subsidiary companies include:
ENIL & TIML
- Radio Mirchi National network of Private FM stations
- 360 Degrees Events
- Times Outdoors Outdoors (TIM Delhi Airport Advertising Private Limited - [http://www.timdaa.com)
- Mirchi Movies Limited Filmed Entertainment. Producers of BEING CYRUS, VELLITHIRAI, MANJADIKURU
Times Internet Limited
Times Internet Limited is one of the largest internet companies of India. It has interests in online news, online business news, Hindi, Marati, Kannada, and Bengali news, mobile, eCommerce, music, video, and communities. Some of the larger properties of TIL include:
- Indiatimes shopping - one of the largest and earliest ecommerce portals in India
- Times of India
- Economictimes.com|Economic Times]
- Navbharat Times
- Maharashtra Times
- Timescity.com Times City
Times of Money operates financial remittance services for Indians abroad to send money back to India. Their product, remit2India, is a standalone product, while also powering the remittance services of many banks globally.
Times Global Broadcasting Limited
Television division. It is also called Times Television Network. Times Now A general interest news Channel Smart Hire A Consulting Division - Recruitments ET Now A business news channel Zoom A 24x7 Bollywood entertainment and gossip channel Movies Now A 24x7 Hollywood Movies channel in High Definition (India's first)
Times Business Solutions
- TBSL, corporate website of TBSL.
- TimesJobs, a jobs portal
- Techgig, a professional networking site for Technology Peoples.
- SimplyMarry, a matrimonial portal
- Magic Bricks, a real estate portal
- Yolist, free classifieds portal
- Ads2Book, online classifieds booking system for print publications
- PeerPower, a Senior-Level professional networking portal
World Wide Media
World Wide Media - started off as a 50:50 magazine joint venture between BCCL and BBC magazines. In August 2011, it was announced that Bennett, Coleman & Co. bought out the remaining 50 per cent shares of Worldwide Media from BBC Worldwide thereby making World Wide Media a fully owned subsidiary of BCCL.
- Filmfare Awards, an awards show
- Femina Miss India, a Beauty Paegent
- Top Gear Magazine India
- BBC Good Homes
- Femina Hindi
- What to Wear
TIML Radio Limited
On 30 May 2008, SMG sold The British Virgin Radio to TIML Radio Limited for £53.2 million with £15 million set aside for rebranding. On 28 September 2008, The British Virgin Radio Station rebranded as Absolute Radio, including the sister radio stations Absolute Xtreme and Absolute Classic Rock.
- Absolute Radio
- Absolute Radio 60s
- Absolute Radio 70s
- Absolute 80s
- Absolute Radio 90s
- Absolute Radio 00s
- Absolute Classic Rock
- Absolute Radio Extra
This company is a direct subsidiary of BCCL (not through TIML or ENIL).
Times Syndication Service
The syndication division of The Times of India Group, grants reprint rights for text, and other media from the group's publications.
Brand Capital provides funding to growth oriented enterprises for their long term brand building needs.
- "Times Group may go for an IPO 'in the long run'". Business Standard. Oct 06, 2012.
- About Us zOOm
- The Journal of the Royal Geographic Society of London, Volume 21 By Royal Geographical Society of Great Britain.
- Australian Library Collections Libraries Australia
- South Asian Newspapers in Australian Libraries: a Holdings List National Library of Australia
- Australian Library Collections Libraries Australia
- ENIL enil.com
- Our History Times Business Solutions
- TOI’s launch all set to heat up Chennai livemint.com
- Sale of Virgin Radio to TIML for £53.2 million London Stock Exchange
- Times Group buys UK's Virgin Radio for Rs 448 cr The Economic Times
- Times of India company buys Virgin Radio Holdings Ltd Campaign India
- About Us Times Music
- Virgin Radio owner sets his dial for the web Financial Times
- World Press Trends 2008. World Association of Newspapers. 2008. p. 14. Retrieved 23 June 2009.
- "HT About Us page". HT Media.
- Barman, Arijit; Bhat Varada (2012-05-12). "Times Group, ABP may soon start formal talks for grand TV alliance". Business Standard (New Delhi: Business Standard Ltd).
- owned+subsidiary+of+BCCL Worldwide Media becomes wholly-owned subsidiary of BCCL
- Virgin rebranded as Absolute Radio Financial Times
- Times of India group buys UK's Virgin Radio for £53.2 million radioandmusic.com
- Times Syndication Service (TSS)
- "Times Internet to launch SatvikShop.com as an ecommerce store of Ayurveda products". India Digital Review. Retrieved 2012-08-22.
- "TIL-backed organic & ayurvedic e-store Satvikshop goes live". VCCircle. Retrieved 2012-08-29.
- Auletta, Ken: “Citizens Jain - Why India's Newspaper Industry is Thriving“. The New Yorker, Oct 8 2012, Pages 52 to 61.
- The Times Of India Group Corporate Site
- The Economic Times (English)
- Re-Print Rights From The Times Of India Group