Wednesday, April 25, 2007

Metro, Daily Mail eye free dailies in India

India, which now just has one free daily (Metro Now in Delhi), may soon be getting two more.

India's Business Standard reports that Metro International, the chain with editions in more than 100 cities worldwide, hopes to launch an edition in India. Metro is negotiating with Indian publisher ABP, which publishes India's Anandabazaar Patrika and The Telegraph, both based in Kolkata. ABP is reported to be in the advanced stage of talks with the group, which is expected to take 26 percent equity stake in the venture with Metro.

Last month, the owner of the London Daily Mail, Associated Newspapers, announced it is forming a joint venture with India Today Group, with interests in magazine publishing and television channels, to launch a morning tabloid. The name of the new free paper and its start date have yet to be announced.