Media cross-holding in cross hairs

Rahul Khullar, the straight-talking chairman of the Telecom Regulatory Authority of India (TRAI), listened attentively to the senior management executive of Bennett Coleman and Co. Limited, one of India’s largest media conglomerates. The latter disagreed with the premise of the discussion — that there was a “problem,” which needed “fixing.” Pointing to another participant, who had moments earlier said “3 or 4 media houses” control everything, Mr. Khullar shot back, “There is a large body of Indian citizens who feel that way.

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