They say that print is dead and local news is dying. But in the small patch of lower Manhattan that is Greenwich Village, there are four local newspapers vying for supremacy. Here, print is very much alive.
In 2014-15, the government had spent Rs 424.84 crore on advertisements in print media and Rs 473.67 crore on electronic media advertisements through the Central Bureau of Communication
Digital and online ads give advertisers more bang for the buck compared to television, where an ad spot of a few seconds costs lakhs, or print, which is also expensive and good for only a short period in a day
The startup idea is to establish a company which would build a chain of Kinko's like shop for "3D printing".
"Through this alliance, Ricoh initially proposes to deploy multi-functional printers (MFPs) at various kendras located pan India," it says in a statement to exchanges.
According to GroupM's annual forecast ‘This Year Next Year‘, advertising expenditure or AdEx will grow by 12.6 percent this calendar year. The total AdEx for the year is expected to be almost Rs 49,000 crore.
In a freewheeling interview with media specialist Vanita Kohli-Khandekar and Axis Capital's Salil Pitale, renowned investor Ramesh Damani discussed the scope of the Indian media business.
The outlook for the media and entertainment industry in India looks promising on the back of digitisation, expansion of regional media and rise of new media businesses, coupled with increased ad spend for the upcoming assembly elections, says Nirmal Bang research report.
The sudden collapse of the Saradha Group in Bengal is yet another reminder of the fact that a huge chunk of Indian media is run by tainted money. The group set up several news channels and print publications in Hindi and Bengali, among other languages, and the failure of the core chit fund business means journos have been turfed out of jobs.
Telecom regulator TRAI is concerned about media houses entering into television, radio and the newspaper business. TRAI chairman, Rahul Khullar says the situation may grow to restrict healthy competition. CNBC-TV18‘s Pavni Mittal reports.
MPS segment has gained momentum in the last few years as enterprises have started to transition from CAPEX to OPEX business mode of printing.