R Srinivasan
December 30, 2022, was a heavy day for India’s already badly mauled and tamed media. That day, influential – and, for many, controversial – Indian businessman Gautam Adani, then the world’s third richest man, took nearly full control of the much-respected and revered NDTV after his Adani Enterprises acquired 27.26 percent additional shares, taking his total holdings to 64.71 percent.
A few months before delivering this coup de grace, Adani’s media company, AMG Media Networks, had hired a new CEO and a retinue of government-friendly journalists.
His tail up, Adani’s next target was The Quint which, like NDTV, wore its anti-establishment badge with pride. On March 27, 2023, AMG Media Networks acquired a 49 percent stake in Quintillion Business Media Pvt Ltd, The Quint’s holding company. This happened five years after central tax authorities raided The Quint’s offices in Noida, Uttar Pradesh.
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