Trademarks for sale

IN Media Watch Briefs | 12/09/2012

While Canara bank started the audit of accounts of the debt-ridden Deccan Chronicle Holding Limited (DHCL) on Sep 11, DHCL has mortgaged the trademarks of all of its four publications: Deccan Chronicle, The Asian Age, Andhra Bhoomi and Financial Chronicle. According to the report in TOI, DHCL promoters T. Venkatram Reddy and T. Vinayak Ravi Reddy have created a charge on all these trademarks in favour of IDBI bank for a term loan of Rs. 250 crores. The brothers seem to be ready to put everything on line to save the newspaper.

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deccan chronicle venkatram reddy trademarks mortgage bank debt

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Media Watch Briefs

Amazon resisting voluntary censorship

The new term for self censorship is voluntary censorship, as proposed by companies like Netflix and Hotstar. ET reports that streaming video service Amazon Prime is opposing a move by its peers to adopt a voluntary censorship code in anticipation of the Indian government coming up with its own rules. Amazon is resisting because it fears that it may alienate paying subscribers.

Let the games begin

Clearly, the run to the 2019 elections is on. A journalist received a call from someone saying they were from Aajtak channel and were conducting a survey, asking whom she was going to vote for in 2019. On being told that her vote was secret, the caller assumed she wasn't going to vote for 'Modiji'. The caller, a woman, also didn't identify herself. A month or two earlier the same journalist received a call, this time from a man, asking if she was going to vote for the BSP.