Bad Press

I read in the FT that India is lifting the 74% cap for FDI in non news media. This is expected to make a lot of the companies publishing in the scientific, technical, periodical and journal categories ripe for a takeover.

If the advent of STAR-TV and other foreign penetration of other TV networks and their programs is any indication, unbridled FDI and takeover is a good thing. The publications may become more popular and break-even but I am not sure if the quality will improve.

Scientific and technical publications may actually win with increased access to IP thereby benefitting the ever budding Indian technical sector. I wonder what will happen to Prentice Hall's Eastern Economy Edition and the like!