Tag Archive for 'Ramesh Rangarajan'

The Hindu family feud: Update

The story so far: A bitter battle has broken out among family members for control of one of the country’s oldest and most respected media companies, Kasturi & Sons Ltd, the publisher of the 132-year-old English newspaper The Hindu and business daily The Hindu Business Line. At the heart of this battle is the proposed retirement of publisher and the group Editor-in-Chief N Ram and his decision to dig his heels in, reported The Indian Express. Read The Hindu: Divided family

“The Hindu war” is now in the open, reports The Indian Express:

Stripped of his powers by publisher and group Editor-in-Chief N Ram, Managing Director and his brother N Murali has hit back saying that he will not quit. And that he would try to “make Ram see reason and retire as Editor-in-Chief as committed by him in September 2009 and ensure a smooth transition.”

Ram, incidentally, has denied that he made such a commitment.

“Some members of the Board of Directors have been trying to systematically undermine and erode my authority and responsibilities and rights and obligations,” Murali wrote in an email to “colleagues” in the company today. “I will not allow that to happen.” More:

The Hindu Editor-in-Chief N Ram has decided to sue The Indian Express. Read here

And in Business Standard, The Hindu family war may become legal battle

The Hindu: Divided family

From The Indian Express:

A bitter battle has broken out among family members for control of one of the country’s oldest and most respected media companies, Kasturi & Sons Ltd, the publisher of the 132-year-old English newspaper The Hindu and business daily The Hindu Business Line.

At the heart of this battle is the proposed retirement of publisher and the group Editor-in-Chief N Ram and his decision to dig his heels in.

The first casualty in the battle is N Murali, Ram’s younger brother and the company’s managing director. He was divested of his powers this week and replaced with K Balaji, a member of the extended family and also a board member. According to people close to the developments, the board is split, one group supporting Ram and the other seeking his retirement. More: