As much as we are delighted by the Slumdog Millionaire sweep at the Oscars, we know in our hearts that this is not an Indian picture. Danny Boyle may thank the city of Bombay but he also thanked various Hollywood studios and when it was time for the Best Picture Oscar to be awarded, it was a Western producer who accepted it.
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People often ask me why the media seem to be in recession while movies and the IPL appear to be going strong. After all, they say, it is not as though there are fewer producers lining up outside Shah Rukh Khan’s door. And the IPL auctions show that people have lots of money to spend.

It’s a good question and I think I have only partial answers. Read more

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This is an absolutely true story. A friend of mine who runs one of the UK’s biggest magazine companies was planning to open an outpost in India. Naturally, he was inundated with offers of collaboration from scores of Indian publishers, businessmen, wheeler dealers and crooks.

One offer seemed particularly interesting. A publishing group (I use the term in its loosest sense, actually it was just a rich woman) mailed to say that their fashion magazine was enormously successful. They were therefore the natural partners. Read more

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How bad is the recession in the media going to be? We know that print is an endangered species in the US. The Tribune company is bust, the Seattle Post-Intelligencer may close down (or become a web-only operation), the Washington Post is losing money and The New York Times is in financial trouble and constantly in the process of looking for more money from unlikely sources. Read more

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