Suresh Venkatachari, Chairman of 8K MILES MEDIA Group announced the merger of four plus decades old premium Indian American publication with his 8K MILES MEDIA Group from the famous Smithsonian National Museum of American India in New York.
Suresh was jubilant while making it public that the well known newspaper, the first Indian newspaper started by Late Gopal Raju and later acquired by Rediff.com headed by Chairman Ajit Balakrishnan in 2000 has merged with his group. He was addressing a gathering of about 150 that included prominent personalities from TriState which included businesspersons, community leaders, media personalities and professionals among others who joined the “celebration of holiday season” by the group on a cold night which became warm as the evening grew. Suresh announced his dream of building a media conglomerate for next generation. India Abroad has been facing the revenue challenges in last few years from fast emerging broadcast industry including television and radio despite market growth.
The new team hopes to integrate their other interests in media which includes a local radio in Tristate, and few inlanguage online radio properties in Tamil and Telugu, and a possible IPTV platform to build its market share and revenue base. The new team includes the management team of INDIA ABROAD as well as top managers from 8K MILES MEDIA Group and a new editor.
Looking for a generous support from IndianAmericans, Suresh who has done exceptionally well in IT field under his own banner with a similar name, 8K Miles Group, a publicly traded company, said, “In an age when technology has completely transformed the way news and information is garnered, processed and disseminated, we recognize the importance of incorporating the latest technologies, even as we rely on the conventional professionalism of journalists to provide unvarnished content to inform, analyze and even entertain”.