![]() ![]() It is one of a handful of new media outlets seizing what they see as a market gap: aĭeficit of slick, smart Web options in a nation full of print readers. Patil and five partners will launch Scroll.in, an online publication of Indian news, for Indian readers. Patil moved on to a new venture-one that would ditch the dead duck altogether.Įarly next year, Mr. (Future Group is now trying to offload its shares.) And Mr. Patil and his partner sold ACK Media to Future Ventures, the investment arm of the retailer Future Group. “Just looking at the warehouses, the returns, the time it takes to get the money back-this just cannot continue,” he recalled. To revitalize the once popular comics industry.īut then logistics set in. ![]() In 2007, he had bought the children’s comic book Amar Chitra Katha, eventually merged it with two other titles and set lofty goals, described here, His company, ACK Media, shipped roughly six million books, magazines andĭVDs across India every month. It was not for a lack of lively activity. ![]() Two years ago, Samir Patil surveyed his publishing floor in Mumbai, one of 10 he owned, and saw death. A vendor selling newspapers in Chennai, Tamil Nadu, on Aug. ![]()
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