The Times Group
 |
|
| Type | Privately held company |
|---|---|
| Industry | Media conglomerate |
| Founded | Mumbai (1838) |
| Headquarters | New Delhi, India |
| Key people | Indu Jain (Chairman) Samir Jain (Vice-Chairman) Vineet Jain (MD) |
| Products | Books, cable programming, films, magazines, newspapers, satellite television, sporting events, television, websites |
| Revenue |  US$ 1 billion (2009)[1] |
| Employees | 7,000 (2007) |
| Website | timesofindia.com |
The Times Group (also referred as Bennett, Coleman and Co. Ltd.) is the largest media conglomerate in India and is headed by brothers Samir and Vineet Jain. The company has eleven publishing centres,[2] fifteen printing centres,[2] fifty-five sales offices, Over 7000 employees, five dailies,[2] including two of the largest in the country with approx 4.3 million, copies circulated daily, two lead magazines,[2] twenty-nine niche magazines reaching 2468 cities and towns,[2] thirty-two Radio Stations,[3] two Television News Channels, one Television Life Style Channel and turnover in excess of USD 1 billion.
Contents |
[edit] Brands
Its major brands include:
- The Times of India, World's largest English-language broadsheet daily tabloid in terms of circulation[4]
- 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.
- Vijaya Karnataka, India's largest 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.[5]
[edit] Subsidiaries
The Times Group subsidiary companies include:
[edit] ENIL & TIML
Times Innovative Media Limited & Entertainment Network India Limited that together control
- Radio Mirchi National network of Private FM stations
- 360 Degrees Events
- Times Outoors Outdoors
- Mirchi Movies Limited Filmed Entertainment. Producers of BEING CYRUS, VELLITHIRAI, MANJADIKURU
[edit] TIL
Times Internet Limited is one of the largest internet companies of India. It has interests in publishing, mobile, eCommerce, telecom and communities. Some of the larger properties of TIL include: Indiatimes Times of India Economic Times Navbharat Times Maharashtra Times http://shopping.indiatimes.com/ http://mobile.indiatimes.com http://www.itimes.com/
[edit] TimesofMoney
TimesofMoney which has
- Remit2India - Personalized Remittance service from TimesofMoney. A flagship brand of TimesofMoney, Remit2India facilitates money transfers to India for Non-Resident Indians from around the world. It has fast achieved the distinction of being India’s largest Remittance service provider with the widest delivery network.
- Window2India - An exclusive service for Non-Resident Indians! An amalgamation of products, services and information, Window2India is a comprehensive destination for Non-Resident Indians to shop, gift and stay up-to-date. Value-added services on the website include gifting opportunities for families back in India.
- Remit2Home - Keeping with the success of Remit2India, TimesofMoney launched Remit2Home, a leading global money transfer service provider. Envisioned to become the largest global market player in over 80 countries, Remit2Home offers specialized web-based Remittance and financial services.
- Times Card - India’s first entertainment credit card service. Tailored to match a fanciful lifestyle, the Times Card couples luxury and convenience into an unmatchable combination. Exclusive Times Card offers include personalized invitations to high profile events like Femina Miss India, Filmfare Awards, blockbuster movie premiers, live concert performances and celebrity parties.
- DirecPay - DirecPay is among the largest payment gateway solutions service providers in India. It is a revolutionary bank-neutral payment processor for online merchants in India. DirecPay acts as a one-stop payment gateway solution for merchants who conduct online transactions or e-commerce. It enables them to go beyond the method of accepting payments through cash, cheques and demand drafts with ease. Merchants can accept online payments through various pay modes including Credit Card, Debit Card, Internet Banking and Mobile Payments.
[edit] Times Global Broadcasting Limited
This was a Joint Venture with Reuters. No longer a joint venture as Reuters has exited.
- 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 and only)
[edit] Times Business Solutions
- TBSL, corporate website of TBSL.
- TimesJobs, a jobs portal[6]
- Techgig, a professional networking site for Technology Peoples.
- SimplyMarry, a matrimonial portal[6]
- Magic Bricks, a real estate portal[6]
- Yolist, free classifieds portal[6]
- Ads2Book, online classifieds booking system for print publications[6]
- PeerPower, a Senior-Level professional networking portal[6]
[edit] 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[7] 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
- Filmfare Awards
- Femina
- Femina Miss India A Beauty Paegent
- Top Gear Magazine India
- Hello
- BBC Good Homes
- Femina Hindi
- Grazia
- What to Wear
[edit] 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.[8] On 28 September 2008, The British Virgin Radio Station rebranded as Absolute Radio, including the sister radio stations Absolute Xtreme and Absolute Classic Rock. On 4 December 2009 The Absolute Radio Stations reorganized to Absolute Radio, Absolute Radio extra (UK Only), Absolute 80s (Replacing Absolute Xtreme radio station on DAB digital radio), Absolute Radio 90s and Absolute Classic Rock. This company is a direct subsidiary of BCCL (not through TIML or ENIL).[9]
[edit] Times Syndication Service
The syndication division of The Times of India Group,[10] grants reprint rights for text, and other media from the group's publications. Times Syndication Service
[edit] Brand Capital
Brand Capital provides funding to growth oriented enterprises for their long term brand building needs. It is an innovative offering from The Times Group, which has the strongest media platforms with national presence. The core offering goes beyond just vanilla advertising to structured client based solutions both financial as well as brand building, in line with the entrepreneur’s business plans and growth trajectory.
In the 6 years since inception, the Brand Capital proposition has gone through constant innovation and evolution to keep up with emerging needs and a changing business environment. Our business has helped accelerate the growth of over 400 business-houses’ brands and their corresponding enterprise value. Brand Capital
[edit] A brief history of The Times
1838: The first edition appears on November 3, 1838, known as The Bombay Times and Journal of Commerce. The newspaper was published twice a week under editor J.E. Brennan. It is basically a city paper reflecting the interest of Bombay's business community.[11]
1846-1857: The newspaper changes hands and George Buist, LL.D, F.R.S., becomes the editor of the Times from 1840-57.[12]
1850: Shareholders decide to increase the share capital and the paper is converted into a daily.[13]
1859: Bombay Standard and Chronicle of Western India merges into The Bombay Times and Journal of Commerce to form Bombay Times & Standard[14]
1861: Editor Robert Knight amalgamates The Bombay Times & Standard and Bombay Telegraph & Courier to form The Times of India and gives it a national character.[11]
1880: The Times of India Weekly Edition is launched name later changed to The Times of India Illustrated Weekly and finally to The Illustrated Weekly of India in 1923.[15]
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 F.M. 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.[11]
1959: Femina is launched.[11]
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 modernised newsroom (including new look classified pages)
1985: Times of India, Delhi set up modernised newsroom (including new look classified pages)
1985: Nandita Jain join BCCL and started Saturday Times (in color)
1986: Vineet Jain join BCCL after came back to Delhi (finishing his education).
1986: Times of India and Navbharat times, Patna edition started.
1987: Printing of The Times of India from Kandivili Press.
1990: The Times School of Marketing is established as an in-house training school to feed the group
1991: BBC features The Times of India among the world's six great newspapers.
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.
1999: Indiatimes webportal launched; BCCL enters music retailing business with Planet M.
2000: The Times of India crosses the 2 million mark in circulation.
2000: Timesofmoney - JV with Citibank.
2001: Radio Mirchi - Nationwide Private FM Broadcasting.[16]
2001: 360 Degrees - Event Management Arm launched.
2002: Times Outdoor - Outdoor Advertising & Billboard Marketing.
2003: Times Classifieds - Classifieds site catering to web audiences, the group publications and also publications from other countries like Sri Lanka.
2004:
- Launch of the Jobs portal Times Jobs.[6]
- Television Business launched with the launch of a lifestyle and entertainment channel called z00m.[11]
2005: Launch of a Matrimonials website TimesMatri[6]
2006:
- 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[6]
- 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
2007:
- Launch of The Times of India - Kannada
- Launch of Bangalore Mirror
- Launch of Ahmedabad Mirror
- Planet M Retail taken over by Videocon Group
2008:
- Launch of SimplyMarryZine.com
- Launch of The Times of India, Chennai Edition[17]
- Launch of Pune Mirror
- Acquisition of Virgin Radio (now known as Absolute Radio) in the UK[18][19][20]
- Launch of Times of India - Goa, along with Goa Mirror. However the Goa edition has relatively less coverage of happenings in Goa.
2009:
- Launch of ET Now - A business news channel
2010
- Launch of Vijayanext kannada Weekly magazine
2011
- Launch of The Times of India, Coimbatore and Madurai/Trichy Editions
2012
- Launch of The Times of India, Kerala Edition
[edit] See also
[edit] References
- ^ [1]
- ^ a b c d e About Us Times Music
- ^ Virgin Radio owner sets his dial for the web Financial Times
- ^ World Press Trends 2008. World Association of Newspapers. 2008. pp. 14. http://www.wan-press.org/. Retrieved 2009-06-23.
- ^ "HT About Us page". HT Media. http://www.htmedia.in/Section.aspx?Page=Page-HTMedia-AboutUs.
- ^ a b c d e f g h i About Us Times Business Solutions Limited
- ^ [2] 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)
- ^ a b c d e 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
- ^ 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
[edit] External links
- Indiatimes
- The Economic Times (English)
- The Economic Times (Hindi)
- The Economic Times (Gujarati)
- Download ET Mobile App for Nokia
- Download ET Mobile App for iPhone
- Download ET Mobile App for Android
- Download ET Mobile App for Blackberry
- Download ET Mobile App for iPad
- Download ET Mobile App for Windows
|
||||||||||||||||||||||||||
