The Indian newspaper business is doing well. DB Corp, the publishers of Danik Bhaskar among other brands, posted an Ebitda (earnings before interest, taxes, depreciation, and amortisation) of ₹703 crore on revenues of ₹2,482 crore in the financial year ended March 2024. That is a 28 per cent gross margin in a business that, in most parts of the world, is in decline. Much like DB Corp, across the board, newspaper publishers have had a good couple of years, thanks to falling newsprint prices and rising ad revenues.
That seems strange. The last Indian Readership Survey was done in 2019.
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