- Ex-Dutch football star Johan Neeskens dies
- Man Utd battling to improve fortunes, says Evans
- What is microRNA? Nobel-winning discovery explained
- Masood, Abdullah centuries lift Pakistan to 328-4 in first England Test
- Hurricane Milton strengthens fast, threatens Mexico, Florida
- Tunisia's President Saied set for landslide election win
- Barca hoping to return to Camp Nou 'by end of year'
- Trump to open second golf course at Scotland resort in summer 2025
- Super-sub Jhon Duran rewarded with new Aston Villa deal
- US duo win Nobel for gene regulation breakthrough
- Masood hits first ton for four years to power Pakistan to 233-1
- Fritz wins delayed match to reach Shanghai Masters third round
- Naomi Osaka pulls out of Japan Open with back injury
- Weather may delay launch of mission to study deflected asteroid
- China to flesh out economic stimulus plans after bumper rally
- Artist Marina Abramovic hopes first China show offers tech respite
- Asian markets track Wall St rally on US jobs data
- Pakistan 122-1 at lunch in first England Test
- Kazakhs approve plan for first nuclear power plant
- World marks anniversary of Oct. 7 attack on Israel
- 'Second family': tennis stars hunt winning formula with new coaches
- Philippines, South Korea agree to deepen maritime cooperation
- Mexico mayor murdered days after taking office
- Sardinia's sheep farmers battle bluetongue as climate warms
- Japan govt admits doctoring 'untidy' cabinet photo
- Israel marks first anniversary of Hamas's October 7 attack
- Darvish tames Ohtani as Padres thrash Dodgers
- Asian markets track Wall St rally on jobs data
- Family affair as LeBron, Bronny James make Lakers bow
- Cancer, cardiovascular drugs tipped for Nobel as prize week opens
- As Great Salt Lake dries, Utah Republicans pardon Trump climate skepticism
- Amazon activist warns of 'critical situation' ahead of UN forum
- Mourners pay tribute to latest victims of deadly Channel crossing
- Tunisia incumbent Saied set to win presidential vote: exit polls
- Phillies win thriller to level Mets series
- Yu bags first PGA Tour win with playoff win
- PSG held by Nice to leave Monaco clear at top of Ligue 1
- AC Milan fall at Fiorentina after De Gea's penalty heroics
- Lewandowski treble for leaders Barca as Atletico held
- Fresh Israeli strikes hit south Beirut
- Sucic stunner earns Real Sociedad draw against Atletico
- PSG draw with Nice, fail to reclaim top spot in Ligue 1
- Gudmundsson downs AC Milan after De Gea's penalty heroics for Fiorentina
- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- Lewandowski hat-trick powers Liga leaders Barca to Alaves victory
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- India maintain Pakistan stranglehold as Windies cruise at Women's T20 World Cup
- 'We will win!': Mozambique's ruling party confident at final vote rally
CMSC | -0.02% | 24.695 | $ | |
SCS | -1.35% | 12.797 | $ | |
BTI | -0.23% | 35.21 | $ | |
GSK | 0.51% | 39.02 | $ | |
RIO | -0.07% | 69.65 | $ | |
CMSD | -0.11% | 24.785 | $ | |
NGG | -0.96% | 65.87 | $ | |
BP | 0.9% | 33.18 | $ | |
AZN | -0.16% | 77.35 | $ | |
RYCEF | 0% | 6.98 | $ | |
BCE | 0.04% | 33.725 | $ | |
RBGPF | -1.16% | 60.1 | $ | |
BCC | -1.58% | 136.738 | $ | |
RELX | -0.9% | 45.875 | $ | |
JRI | -0.15% | 13.26 | $ | |
VOD | 0.22% | 9.681 | $ |
Indian tycoon's bid for broadcaster stokes media freedom worries
An Indian billionaire close to Prime Minister Narendra Modi is trying to buy a broadcaster seen as the last major critical voice on television, stoking fears about media freedom in the world's largest democracy.
Under Modi, India has slipped 10 places in the Reporters Without Borders press freedom ranking to 150 out of 180, with critical reporters often finding themselves behind bars and hounded onsocial media by supporters of the ruling BJP.
Gautam Adani -- Asia's richest person, with interests ranging from Australian coal mines to India's busiest ports -- announced late Tuesday that his firm had indirectly acquired a 29-percent stake in NDTV and was bidding for a further 26 percent.
NDTV said that the move came "without any discussion" with the broadcaster, "or the consent of the NDTV founders", journalist Radhika Roy and economist Prannoy Roy.
Its two channels, one in Hindi and one in English, stand out among India's myriad rolling news broadcasters for inviting on critics of the government as well as their hard-hitting reporting.
It has already been hit by a slew of legal cases that its owners said were a result of its reporting.
On Wednesday morning an employee at NDTV told AFP that there was a "general sense of shock and disbelief" in the newsroom following the announcement.
"We only found out from other news agency flashes and channels about the takeover and then all hell broke loose," the employee said, asking to remain anonymous.
"People are still trying to figure out what has happened and what will happen. There is a sense of uncertainty since it is only a matter of time till the new management comes in."
Geeta Seshu, founder of the Free Speech Collective, an independent organisation that advocates press freedom, said that "the space for independent journalism has shrunk alarmingly over the last few years."
"The few brave journalists who continue to put out information are also battling court cases, are lodged in jail for long periods without bail, attacked or silenced permanently," Seshu told AFP.
- Self-made billionaire -
Seshu said that while NDTV has been "struggling" commercially for some time, "the manner of this takeover is shocking, given the naked display of economic and political muscle".
The Adani group's closeness to the government was "hardly a secret", she added.
Self-made billionaire Adani, 60, this year overtook fellow Indian Mukesh Ambani to become Asia's richest man, with a net worth of $139 billion according to Forbes, behind Jeff Bezos and ahead of Bill Gates.
Modi and Adani both come from the western state of Gujarat, and the latter's conglomerate has expanded aggressively in recent years, including into new areas like airports and renewable energy.
But this growth into capital-intensive businesses has raised alarms, with Fitch Group's CreditSights warning on Tuesday that the group was "deeply overleveraged".
Ambani's wealth and influence have also grown under Modi -- he now owns more than 70 media outlets that are followed by at least 800 million Indians, according to Reporters Without Borders.
This includes a majority stake in Network18, one of the biggest media conglomerates in the country, which owns several leading broadcasters.
- 'Oligarchs' -
NDTV's integrity has been a bright spot in a media landscape compromised by increasing corporate control, said P Sainath, the founder and editor of the grassroots reporting network People's Archive of Rural India.
"Under the circumstances and under the pressure they've worked in, they really stand out," he said.
Hartosh Singh Bal, journalist at Caravan magazine -- a rare critical voice among print media -- said the takeover could bring the curtain down on "the only channel left that could be called partly independent".
"The government influence on the media is growing. The control of what I call oligarchs -- the Adanis and the Ambanis -- is also growing and it will keep on growing," he told AFP.
"This (takeover) means there is almost no independent media left and that shrinking space is extremely dangerous."
A.Malone--AMWN