Will someone please explain what the heck is going on in The Economic Times? For those of you not aware, in the past two weeks there has been an exodus of sorts from the country’s largest business newspaper. And the exodus is limited to overpaid editors but some of the papers best reporters, who would rather commit what some of us consider career suicide rather than continue in ET. I can see the grin on Sukumar’s face!
By career suicide, I mean FE – I know some of the guys joining FE are loyalists of the new FE Editor MK Venu, but honestly that paper only exists for the tender adverts, it is not bad or anything but ask yourself (if you are not in PR or in the Indian Express group) when was the last time you read FE for a sustained period of time. I just about manage to glance through it in office. That said, I wish the new team in FE all the best towards achieving the ‘high profile’ that Shekhar Gupta wants, but Mint won the ‘profile’ wars long ago. That said, I just wonder how many people are ‘parking’ themselves to break the ridiculous and anti-employee ‘no-poaching’ pact between BCCl and HTMedia.
Some of the seeds of chaos were sown by the concept of an integrated newsroom but differential pay structures for print and TV. My reporter friends in ET have expressed their displeasure with this over and over and they were just waiting for an uptick in hiring to jump ship. But I laughed this away, a couple of people of people here and there, the scale of this desertion is mind-boggling. But then again, I have to admit a couple of Editors I have worked with saw this coming, along with the plunging ratings – which isn’t surprising when they send a vapid but pretty face to interview the CEO of a company that Robert Noyce founded.
Admittedly the business news space is more robust than general news, but the attendant chaos is limited to the second floor of 7, BSZ Marg and not the third floor. Puzzling, or maybe because ToI staffers aren’t jealous of Times NOW staffers as ET staffers seem to be of ET NOW staffers. Maybe people in ToI just take a look at Arnab’s zeal for war with China and/or Pakistan and thank their lucky stars!
Oh yes, and an apology for not writing over the past few days, I’ve acquired a new Editor and he has been flogging this slightly thinner reporter. And I’ve been enjoying myself quite a bit at work.