| There has been a change of guard at The Asian Age newspaper with T Venkattram Reddy taking over as editor-in-chief from M J Akbar from March 1.
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| Akbar would, however, continue to be associated with the newspaper he launched in 1994, P K Iyer, managing director of Deccan Chronicle Holdings, told Business Standard.
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| “The Asian Age will continue the way it has been functioning so far and the association with Akbar will also continue, though in a different capacity. The details will be worked out between us in due time,” Iyer said. Akbar had apparently indicated to the promoters his intention to move out of the day-to-day activities of The Asian Age for some time now.
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| The Asian Age is published from Delhi, Mumbai, Bangalore, Kolkata and London by Deccan Chronicle Holdings, which also owns the Deccan Chronicle newspaper.
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| Deccan Chronicle Holdings owns 90 per cent in Asian Age Holdings. It had acquired 67 per cent stake in Asian Age Holdings for Rs 17.10 crore in 2005.
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| Before its acquisition in May 2005, Asian Age Holdings was the promoter company of The Asian Age with Akbar owning a 26 per cent stake along with a clutch of other investors like United Breweries (23 per cent), Deccan Chronicle Holdings (22 per cent), Zee Telefilms (15 per cent) and T Venkattram Reddy (3 per cent). |
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