HT Media Ltd, India's second largest print media company and publisher of Hindustan Times, has entered into an agreement with The Wall Street Journal to publish news and other information from the Journal in its soon-to-be-launched business newspaper and its website.
Announcing the agreement on Friday, HT Media Ltd Chief Executive Officer Rajiv Verma said: "This unique content partnership between HT Media and The Wall Street Journal emphasises our desire to offer a business newspaper to Indian readers at a time when India has become a global player in myriad industries.
"The Wall Street Journal is the best content partner in this endeavour because of its unmatched journalism and insights into global businesses, markets and economies and its unrivalled journalistic standards worldwide."
"To create a world-class business paper in India, we need the best global talent as well as compelling and relevant content," he asserted.
L Gordon Crovitz, executive vice president, Dow Jones & Company and publisher of The Wall Street Journal, said in New York: "We're excited that the Journal will soon offer Indian business readers, through the pages of HT Media's new business newspaper and website, access to the incomparable global business information that readers across the globe have come to expect.
"India has emerged as a vibrant and expanding part of the global economy that we have sought better to serve with the right partner and we look forward to a role in helping spur those global connections between India and rest of the business world.
"This partnership also serves advertisers, both inside and outside India, who want to be associated — through HT Media's newspaper — with the Journal's vital news, analysis and commentary every business day."
HT Media recently disclosed plans to launch its national business newspaper in India, written and edited for global Indian business readers and international business travellers. The newspaper will be edited by Raju Narisetti who, until June, was a deputy managing editor of The Wall Street Journal in New York and editor of The Wall Street Journal Europe.
The Wall Street Journal now publishes Special Editions as part of 39 newspapers in 41 countries, which are published in 10 different languages — serving a combined circulation of nearly 5.4 million. The Journal has been ranked as the most trustworthy newspaper in the US.