At the Seventh Indian News Television Summit, ITV Network managing director Kartikeya Sharma took the stage to speak about the success of his network and the future plans. Hailing from a political family, Sharma was adamant that he did not want to get into politics.
It was while he was studying in London that he got attracted to the media industry. “When I was studying, the only way of being in touch with home was television with the first channel that came on Sky. That drew me into the space,” he said while speaking to indiantelevison.com founder, CEO and editor in chief Anil Wanvari. He added that what affected him was the rise of primetime during 2004-05 and the way India was reacting to the world while it was fresh off the boat.
On being asked about the difference in running his hospitality business vis a vis media business, he said that the two cannot be compared. “News is definitely a tough business and there isn’t any particular revenue model that works well. You have to improvise. Circumstances are also important. So at what point a channel is being launched and the policies at that time is crucial,” he said.
Speaking about the growth of his Hindi News channel, India News, Sharma said that the initial projected benchmark was 6-7 per cent market space but it actually went to 11 per cent within a span of six to eight months. “We don’t fight for filling ad slots on the channel anymore,” he said.