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India Today Group CEO Ashish Kumar Bagga resigns

India Today Group’s Chief Executive Officer (CEO) Ashish Kumar Bagga has resigned from his post citing personal reasons, according to the company’s filings with the BSE. No replacement was announced yet; Bagga had worked India Today for over 15 years.  He took over as CEO in April 2012. As CEO, Bagga administered the Group’s overall business segments including print, TV, FM Radio, online businesses, e-commerce, among others.

BestMediaInfo points out that Bagga joined India Today initially in 1983 and had left the Group after 8 years, and rejoined it in 2003. Between these years, Bagga worked with other media houses including IV Communications, Hindustan Times Group and Financial Times in London. He has also held key positions in media/news industry associations like News Broadcasters Association (NBA), Indian Newspaper Society (INS) and Association of Indian Magazines (AIM).

Note that the group’s television business ‘India Today TV (previously Headlines Today) is owned and managed by TV Today Network. TV Today also owns Aaj Tak. In March this year, TV Today acquired Mail Today Newspapers Private Limited from its parent company Living Media Ltd. Mail Today was started as a joint venture between Living Media India and UK-based Daily Mail. Mail Today business was valued at Rs 36.92 crore at the time of the amalgamation.

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