The third quarter numbers show the effect of the slowdown on the media business. There is a decline in net profits and margins for a sample of 16 listed companies such as HT Media, Deccan Chronicle and Zee among others. But what is eerie is the similarity between the print and TV numbers, which have generally been on different growth trajectories so far.
Home Shopping, it seems, is serious business not just on TV but across media.
The Rs 1,600-odd crore (excluding income from joint ventures) Star India has been in dull form for over three years now. From an aggressive leader that protected every shift in rating points, it seems increasingly like a defender.
From a Harvard drop-out who set up his own music label, James Murdoch became a surprise potential successor to the News Corp throne. Till then only elder brother Lachlan had been in the reckoning. James went on to head BSkyB, one of UK's top pay TV brands.