Prannoy Roy
Prannoy Roy | |
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Calcutta, West Bengal , India | |
Alma mater |
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Known for | Co-founder of Asian Television Award; Red Ink Awards |
Prannoy Lal Roy (born 15 October 1949) is an Indian
Early life and education
Prannoy Roy was born in
Roy is the great grandson of suffragist and social reformer Lolita Roy and grand nephew of Indra Lal Roy, the first Indian flying ace. He is also a cousin of writer Arundhati Roy.[7]
Roy attended
Prannoy and Radhika moved to London, United Kingdom for their higher education.
Career
In India, Prannoy continued his studies at the
Prannoy Roy in the meantime worked as an
NDTV requested for and received a contract from Doordarshan to produce a daily news bulletin on domestic affairs called The News Tonight on its second channel in 1995.[6][16] The Roys who were the promoters of the company sought and acquired investments from several Indian businesses for the company in order to produce the show,[16] among its investors was the multinational Tata Group.[9] Later, the company also received contracts to produce shows such as The News Hour and Good Morning India for Doordarshan.[17] Prannoy Roy was the news presenter for the NDTV bulletins and became the face of the NDTV brand in the process.[13][18] His wife, Radhika Roy kept a low profile in comparison, being more invested in the editorial and production processes of the company.[13][19][9]
In 1998, NDTV entered into a 5 year exclusive partnership with
Radhika Roy who was the chairperson of the company became the managing director in 1998 and Prannoy Roy who was the managing director became the chairman.
NDTV started facing government pressure through litigations and intimidation of advertisers on the network after
In 2019, Prannoy Roy collaborated with the psephologist Dorab Sopariwala and published a book called The Verdict: Decoding India’s Elections.[4] Meanwhile the litigations surrounding NDTV continued and in June, the Securities and Exchange Board of India (SEBI) barred Prannoy and Radhika Roy from holding managerial or board positions in the company for a period of 2 years over alleged withholding of information in loan agreements.[32] The order was appealed against and stayed by the Securities Appellate Tribunal (SAT).[33] In December 2020, SEBI imposed a fine on the Roys worth ₹27 crore (US$3.4 million).[34] SAT directed the Roys to deposit 50% of the sum as conditional to a second hearing.[35] The company moved to the Supreme Court of India (SCI) which exempted them from the deposits.[36] Justice Dhananjaya Y. Chandrachud remarked that it was "brash" for the tribunal to have demanded it.[37]
In December 2022, Radhika and Prannoy Roy sold 27.26 per cent out of their 32.26 per cent shareholding in the news network to Adani Group, who till then had over a 37% stake in NDTV, making the conglomerate, the single largest shareholder with over 64.71 per cent stake.[38]
Awards
His academic awards include the Leverhulme Trust (UK) Fellowship, Queen Mary Prize for results at BSc and an OPOS Scholarship at the Doon School to study at Haileybury College.
He won the Red Ink award by Mumbai Press Club for lifetime achievement for his consistent and pioneering contribution to news television and his service to journalism in 2015.[39]
Bibliography
- ISBN 978-0-391-03200-2.
- Living Media India.
- ISBN 978-81-900612-0-9.
- Roy, Prannoy; Sopariwala, Dorab R. (2019). The Verdict: Decoding India's Elections. ISBN 978-0-670-09226-0.
References
- ^ BBC World. Archived from the originalon 28 October 2006. Retrieved 1 December 2020.
- ^ a b c d "The Roy family". Media Ownership Monitor. Reporters Without Borders. 2019.
- ^ a b c d e "Smart People". Business Standard (published 6 February 2013). 19 April 2004. Retrieved 29 June 2021.
- ^ a b c Vardhan, Anand (20 May 2019). "Prannoy Roy and Dorab Sopariwala's new book chronicles change and continuity in India's electoral scene". Newslaundry. Retrieved 29 June 2021.
- ^ [1][2][3][4]
- ^ a b c d e f g h i j Kaushik, Krishn (1 December 2015). "The Tempest". The Caravan. p. 2. Retrieved 29 June 2021.
- ^ Nayare Ali (14 July 2002). "There's something about Mary". Times of India. Archived from the original on 4 January 2016. Retrieved 12 January 2022.
- ^ a b c d "Prannoy Roy". World Economic Forum. Retrieved 29 June 2021.
- ^ a b c d Karmali, Naazneen (8 September 2006). "News Delhi TV". Forbes. Archived from the original on 11 December 2020.
- ISBN 978-81-207-3597-2.
- ^ ISBN 978-93-5150-464-1.
- ^ Kaushik, Krishn (1 December 2015). "The Tempest". The Caravan. p. 1. Retrieved 29 June 2021.
- ^ Oxford Scholarship Online.
- ISBN 978-1-317-80972-2.
- ^ Painter, James, ed. (2013). "India's Media Boom: The Good News and the Bad" (PDF). Reuters Institute for the Study of Journalism: 1–19.
- ^ Oxford Scholarship Online.
- ISBN 978-93-5305-598-1.
- ^ Bajpai, Shailaja (24 July 2016). "The World Came Home: The history of television in India". The Indian Express. Retrieved 10 December 2020.
- ^ "Power Women". The Financial Express. 30 December 2007.
- ISBN 978-93-5305-598-1.
- ^ "CBI case against Prannoy Roy". The Indian Express. 20 January 1998. Archived from the original on 16 April 2010. Retrieved 10 December 2020.
- ^ "CBI case against Prannoy Roy". The Indian Express. 20 January 1998. Retrieved 29 June 2021.
- ^ a b "Notice" (PDF). NDTV. 27 September 2012.
- ISBN 978-1-86020-596-5.
- ^ Shirsat, B. G.; Krishnakumar, Aparna (13 August 2005). "Media industry valuations hit the roof". Business Standard. Retrieved 29 June 2021.
- ISSN 0362-4331. Retrieved 16 December 2020.
- ^ a b c Subramanian, N. Sundaresha (13 June 2017). "NDTV raid: Of Prannoy Roy, freedom of the press and the business of media". Business Standard. Retrieved 29 June 2021.
- ^ Krishnan, Murali (7 November 2016). "'Ridiculous and arbitrary' – Indian journalists slam NDTV ban". Deutsche Welle. Retrieved 17 December 2020.
- ^ Venu, M. K. (8 November 2016). "The Creeping Erosion of Free Expression". The Wire. Retrieved 18 December 2020.
- ISSN 0013-0613. Retrieved 16 December 2020.
- Oxford Scholarship Online.
- ISSN 0971-751X. Retrieved 17 December 2020.
- ^ Modak, Samie (18 June 2019). "SAT stays Sebi's order asking Prannoy, Radhika to step down from NDTV". Business Standard. Retrieved 25 June 2021.
- ^ "SEBI fines NDTV's Prannoy Roy and Radhika Roy Rs 27 crore for 'violating regulatory norms'". Scroll.in. 25 December 2020. Retrieved 25 June 2021.
- ^ "SAT directs NDTV's Prannoy and Radhika Roy to deposit ₹8.5 crore before it hears them further". Business Line. 11 January 2021. Retrieved 25 June 2021.
- ^ "NDTV's Prannoy, Radhika Roy exempted from making deposit for hearing appeals against SEBI penalty". Scroll.in. 15 February 2021. Retrieved 25 June 2021.
- ^ "Supreme Court stays recovery of Rs 27 crore penalty imposed by SEBI on Radhika Roy, Prannoy Roy". Newslaundry. 26 May 2021. Retrieved 25 June 2021.
- ^ "NDTV: 'Constructive' deal with Gautam Adani for Roys". The Telegraph. 24 December 2022. Retrieved 30 May 2023.
- ^ PTI (26 April 2015). "NDTV's Prannoy Roy bags RedInk award for lifetime achievement". Business Standard India. Retrieved 23 August 2020.
External links
- Prannoy Roy on Twitter
- Profile at NDTV