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Doesn’t seem so crazy that they don’t want some foreign media mogul to influence their country.
If I had to fund a media organisation in a foreign country which only runs losses. Either I am a philanthropist or more likely have a sinister motive. Several foreign dictatorships are heavily invested in controlling the media narrative in India. This was perhaps triggered by the war with China. India's liberal foreign ownership gives China a one way strategic advantage.
[1]https://www.theguardian.com/world/2020/sep/29/amnesty-to-hal...
Huffpost.in was not at all a popular media outlet. I doubt it had any significant revenue. At some point, fundamentals of the business matter.
We don't know, and what's significant? Return on investment regardless of size of investment is significant when running any business.
> At some point, fundamentals of the business matter.
I think the fundamental outlined in the article is "Narendra Modi government’s new foreign direct investment norms for digital media," and not described in relation to revenue.
Doesn’t seem so crazy that they don’t want some foreign media mogul to influence their country.
Foreign funding of political parties is equally if not more dangerous than foreign funding of news media.
Whether HuffPost was popular in India is besides the point. To provide some contrast, the same govt amended a law originally designed to prohibit foreign funding of political parties and changed it to allow funding from local companies which have more than 50% foreign ownership. So basically political parties can indirectly accept foreign funds through above loophole which the ruling party itself created but news org…
Earlier quoted context omitted.
HuffPost is centre-right at best, what are you on about? If you want an example of left, look at the https://morningstaronline.co.uk
Ground News marks HuffPo as living solidly on the Left: https://ground.news/interest/25781bef-fab9-4951-8bff-5926d11...
https://addons.mozilla.org/en-US/firefox/addon/ground-news-b...
Doesn’t seem so crazy that they don’t want some foreign media mogul to influence their country.
It is crazy because in India political parties can indirectly accept foreign funding through a recent change in constitution by ruling party. Foreign funding of political parties is equally if not more dangerous than foreign funding of news media.