I too welcome FDI in media, but for different reasons than Ranjit's.
The Malayalam dailies were very loud in opposing foreign media setting up
shop here. Manorama's hypocrisy was in plain display: we welcome FDI in
everything except in print media. If you allow them in, "നാടു
മുടിഞ്ഞുപോകും".
But not everybody did: the TOI was very vocal in supporting FDI. So was
India Today. Maybe Indian Express too, not sure.

Best regards,
Murali.

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