The Wall Street Journal has put on hold its plan to start an Indian edition until the government policy towards print media turned more conducive.
WSJ had plans to start an Indian edition by partnering Bennett, Coleman & Co. Ltd, publishers of the Times of India and the Economic Times among other publications.
Raju Narisetti, editor, The Wall Street Journal, Europe, said the current media policy, particularly on print, was not conducive for the WSJ to start an Indian edition. Narisetti said this at the sidelines of the Sustainable Development Summit organised by Teri in the capital today.
"The current rules appears to be influenced by various interests groups. It makes an artificial distinction between foreign newspapers and foreign television," he told Business Standard.
Though foreign papers are allowed to start Indian editions with a 26 per cent cap on the foreign partner's equity, certain rules restrict them from carrying advertisements of local (Indian)
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