The India Today Group, which publishes the eponymous weekly news magazine and several other magazines, said in a release that it was partnering with the UK’s Associated Newspapers Ltd to publish mainline dailies in India.
ANL publishes newspapers such as Daily Mail, The Mail on Sunday, and Evening Standard. The India Today group CEO Ashish Bagga and chairman Aroon Purie refused to give any further details.
A source close to the development who did not wish to be identified said the relationship between the two firms could extend to a financial one. Foreign firms are allowed to own up to 26% in Indian print-media firms. The source said the first product would be a national “mid-market” tabloid, but refused to give a time frame for its launch.
The India Today Group publishes magazines, and runs a website, a radio station and a clutch of TV channels. It already publishes an afternoon tabloid in New Delhi, but the new product it plans to launch with ANL will be its first mainstream newspaper offering.