Thursday, April 26, 2007

Newspapers in China and India

While most newspapers circulation is declining around the world, it is booming in India and China. In India, the daily circulation increased by 33% from 2001 to 2005. China achieved an increase of 28% from 2000 to 2004.

Last year, among the top ten companies with the best stock price performance, there are three and two in India and China respectively. The price of Deccan Chronicle Holdings, the second biggest newspaper in India, skyrocketed by 81%. The stock prices of HT Media, the biggest newspaper corporate group and Jagran Prakashan, the biggest local newspaper, increase by 66% and 56% respectively.

In Chengdu, China, B-Raymedia's profit increased by 20% last year and its stock price doubled. CCID Media, a conglomerate owning six newspapers and ten magazines, tripled its stock price.

Source: Hong Kong Economic Journal (信報), 2007.4.25

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