The editor-owner at loggerheads

September 29 2013

The editor-in-chief of an investigative magazine that is published from Delhi is in trouble. The owner of the newspaper, who had given the temporary responsibility of the publication to the editor and had settled abroad, is back in India for domestic reasons. When he came back, he found out that Mr Editor has purchased 19 per cent stake in the newspaper in his own and in his wife’s name. Of course this rankled with him and he started to trim the editor’s wings ever since. The editor is good friends with a top industrialist, the American lobby and the country’s finance minister, so he is not going to give up easily. A note: the editor’s property is gauged to more than Rs 400 crore.

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