News Corp has been making significant investments in India over the last year, most noticeably in real estate listings company PropTiger, the acquisition of news and data business VCCircle and the purchase of Bigdecisions.com. In the third part of the interview, Raju Narisetti, senior vice president at News Corp, spoke with MediaNama about Wall Street Journal downsizing in India, western publications setting up shop in India, challenges in mobile advertising and Harper Collins e-books business. Also read: News Corp’s strategy in India and their investment in PropTiger in this first part of an interview. The second part of the interview talks about potential tie-ups between Dow Jones and VCCircle MediaNama: Could we talk about what is Wall Street Journal's plans in India? We understand that there's a global restructuring and how will India be affected? Raju Narisetti: Because I'm at the News Corp level, I don't get involved in the operating companies' strategies or execution. They've announced a couple of things. One, there will be a global print product and I think they're launching some time in the fall. The Europe and Asian editions which were different from the U.S. edition, I think they'll end up having a global product. Two, like all media companies should do, they need to rationalize clashing resources. I think I read a story that you guys (MediaNama) wrote that a couple of their employees are being let go. Dow Jones and Wall Street Journal, globally, has probably 1,700-1,800 people. So in that scale of things these are relatively - I wouldn't say…
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News Corp’s Raju Narisetti: “The longer Indian media will run scared of charging for content, the harder it will become to solve this issue”
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