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| Premji enters media space along with Rohini Nilekani |
Staff correspondent, Septembe 16, 2015, NewsCrunch
For all those seeking a break from TRP chasing media here is good news.
Tech moneybags Azim Premji and Rohini Nilekani have led the creation of The Independent and Public Spirited Media Trust (IPSMT), with a corpus of Rs 100 crore. The trust is looking for a CEO and is on course to launch next month, reports V C Circle.
Biocon's Kiran Mazumdar Shaw, Eicher Motors' Vikram Lal are the other contributors of the trust, which is also looking for other patrons to expand its corpus.
IPSMT will reportedly act as a venture capital fund to promote independent and public spirited media ventures. It will seek returns not in capital but in quality content, which will address people's issues, strengthen governance and democracy,
The initiative, more than a year in the making, bears the imprint of Rohini Nilekani, who owns more Infosys shares than her husband Nandan, and has been steadily diluting them to support developmental work through her organisation Arghyam.
NGOs, who work with Arghyam say the lady is accessible, concerned and down to earth. She is a former journalist, who has been a vocal supporter of independent media efforts such as Economic & Political Weekly (EPW), says V C Circle.
She is also one of the funders of data journalism project, Indiaspend.org.
She shares an excellent relationship with Azim Premji, India's tech legend and philanthropist. Both of them are said to form a mutual admiration society.