Kasturi & Sons Ltd, the company that owns and publishes the Hindu group of publications, has removed Arun Ananth as its CEO, and appears to have abolished the CEO post altogether. In addition, Siddharth Vardarajan, who was brought in as the company’s first professional Editor (i.e., not family), was re-designated as Contributing Editor and Senior Columnist for the publication, following which he resigned. In his tweet announcing his resignation, Vardarajan has said that the Hindu is going back to being a family run business.
With The Hindu’s owners deciding to revert to being a family run and edited newspaper, I am resigning from The Hindu with immediate effect.
— Siddharth (@svaradarajan) October 21, 2013
The Hindu has recently launched a Tamil Newspaper, and a corresponding website in Tamil, and an Android app with city-wise editions. Apart from this, it runs a business publication called Business Line, current affairs magazine Frontline, and sports magazine Sportstar.
N. Ravi has taken over as Editor-in-Chief of The Hindu, and Malini Parthasarathy as Editor of The Hindu. N. Ram has become Chairman of KSL and Publisher of The Hindu and Group publications; and N. Murali, Co-Chairman of the company. The CEO post appears to have been abolished.
There’s much that has already been written around the internal company politics surrounding the move, as well as placement of stories related to the BJP’s Prime Ministerial candidate Narendra Modi, and the editorialization of news. For more, read:
– Sans Serif: In a family-owned paper, only furniture is fixed (includes a scanned copy of the board resolution, and great historical context)
– The Hoot: The Hindu returns to the family fold (on the editorialization of news and downplaying of Narendra Modi)
– The Hindu: Changes at the Helm: Editorial and Business
– Outlook: Still The Hindu Divided Family?