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TIMES GROUP
International
Academy Roshan
of Shahane
Management PGPM/0911/029
& 2009-2011
Entrepreneurship
Times Group
Nature of business
The Times Group has a proprietary stake by the Jains of Delhi and is
currently chaired by Ms Indu Jain and Mr Vineet Jain, is the Managing
director. It’s corporate headquarters are in Mumbai and the newspaper
division is headquartered at Bahadur Shah Marg , New Delhi, the street
made famous by the hustling and bustling of premier fourth estate of
India.
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Turnover of the company
BCCL’s turnover is estimated at over Rs 4,000 crore and profits to the
tune of Rs 1,000 crore, a measure of the success with which the elder
Jain has steered the group. Some analysts reckon that if BCCL were to
list, it could have a market value of Rs 40,000 crore, making it the most
valuable media group in the country. Even if the group were to sell only a
10 per cent stake in itself, it could raise Rs 4,000 crore—enough moolah
to smother competition.
Times Group revenue
Revenue ▲$700 million USD (Aug 2007)
Employees 7,000 (2007)
1991: BBC features The Times of India among the world's six great
newspapers.
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2003: Times Classifieds - Classifieds site catering to web audiences, the
group publications and also publications from other countries like Sri
Lanka.
2004:
2006:
2007:
2008:
Launch of SimplyMarryZine.com
Launch of The Times of India, Chennai Edition .
Launch of Pune Mirror.
Launch of Times of India - Goa, along with Goa Mirror.
2009:
11 publishing centers
15 printing centers
55 sales offices
Over 7000 employees
5 dailies including two of the largest in the country
2 lead magazines
29 niche magazines
Reach in 2468 cities and towns
Turnover in excess of US $ 500 million
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PRODUCT PROFILE
Target Customers
• Finance
• Political
• Sports
• Entertainment
• Ethics
• Technology
• Global
• health
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Positioning Strategies
Competitors
The Hindu
The Hindustan Times
The Indian Express
The Asian Age
The Economic Times
Business Standard
Deccan Chronicle
Midday
The Financial Express
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Distribution Network
SWOT ANALYSIS
Strengths
Strong existing distribution channels Most paid-circulation papers, both
daily and weekly, reach the majority of homes in their primary city or
town Easy to understand The trust of 128 years, because of which people
have full confidence on it. News is available online also.
Weakness
Easy language is not preferred by more learned and professional
persons. It charges high price as compared to Hindustan times and
Times of India Just covering North India.
Opportunities
Growing disposable income of consumers Increase in awareness raises
the need for newspaper. To extends its publication all over India.
Threats
Strong competition Entry of new players More price as compared to
other English dailies.
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Value chain
Future Outlook
For BCCL or Times group , print remains the main component, and the
processes of the print business and the online business are different; the
dynamics are different. The Times Group (BCCL), had hived off its
classifieds business into a separate entity called Times Business
Solutions Ltd (TBSL). TBSL includes e-recruitment services (Timesjobs
& SmartHire), real estate portal MagicBricks, matrimonial classifieds
site SimplyMarry (formerly Times Matri), general classifieds site (still in
beta) Yolist.com, and advertising booking service Ads2book.com. Times
group has mobile plans for all of its services.
Times group have done offline activities in Kuwait and Singapore. So in
that sense, they are testing those markets.
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