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Breaking News :  Rupert & James Murdoch to host PM Narendra Modi in New York
Thursday 24-September-2015, 08:19,
Rupert & James Murdoch to host PM Narendra Modi in New York
MUMBAI:
Media
baron
21st
Century
Fox
chairman
Rupert
Murdoch
along
with
his
son
and
CEO
of
the
company
James
Murdoch,
will
host
Indian
Prime
Minister
Narendra
Modi
in
New
York.
The
Murdochs
-
Modi
rendezvous
will
also
be
attended by senior executives from
Fox including News Corp CEO Robert
Thomson, Star India CEO Uday Shankar
and a selective group of peers from
media and entertainment companies.
Known for his powerful international
image and charismatic personality,
Modi is expected to lay solid ground
for further propagation of brand India
through this high profile gathering of
world media heads.
It may be recalled that earlier in
March, the media world was taken in a
frenzy when 21st Century Fox CEO
(then COO) James Murdoch along with
Shankar met Modi in Delhi.
The Murdochs hosting Modi doesn’t
come as a surprise given the
important role Star India is playing in
Fox’s revenues and reach
internationally. As was reported
earlier by Indiantelevision.com, global
brokerage company Morgan Stanley
valued Star India at $11.2 billion
earlier this year. Following the
report, Fox chief financial officer
John Nallen was also heard pitching
high hopes on Star India for the global
network’s growth. “The top
opportunity continues to be
international, led by Star. Star
clearly is going to lead a lot of our
international growth,” he had said.
Nallen had further added that the
parent company expects Star India's
growth to contribute $500 million by
2018.
This indicates how the Murdochs have
advocated higher foreign direct
investment (FDI) ceilings in India's
media industry and are keen to expand
their presence in the country. A case
in point is Star India’s acquisition of
Maa TV’s broadcast assets earlier this
year.
During his US trip, Modi will also visit
Silicon Valley giant Facebook followed
by a meeting with Google’s Indian
born CEO Sundar Pichai, and Apple CEO
Tim Cook.
“I’m excited to announce that Prime
Minister Narendra Modi of India will
be visiting Facebook HQ later this
month for a Townhall Q&A,” said
Facebook CEO Mark Zuckerberg, who
had earlier sent an open invitation to
the Indian Prime Minister to visit
Facebook’s headquarters. “Prime
Minister Modi and I will discuss how
communities can work together to
address social and economic
challenges…. The event will be on
Sunday, September 27 at 9:30 a.m.
pacific time,” he later added to the
post.
Modi too took to Facebook to share
his excitement of visiting the tech
giant’s HQ, and to chalk out the
agenda for the meeting. “I thank Mr.
Mark Zuckerberg for the invite to
visit the Facebook HQ. The
interaction will cover a wide range of
issues and will surely be a memorable
one.”
On Sunday, Modi added, “I will also
see some recent technological
innovations at the Google (Alphabet)
campus and Tesla Motors.”
His final post - “It would be after a
gap of almost 33 years that an Indian
PM would be visiting the west coast —
the home of start-ups, innovation
and technology,” - rightly reflects
the overall expectations India media
has from his visit to the US.
http://www.indiantelevision.com/televisi...ork-150923
ANIL G
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