Jagran Prakashan - Joins Hands With Yahoo

Jagran & Yahoo Come Together To Launch Hindi Portal

Jagran Prakashan Ltd has informed BSE that Yahoo! India and the Jagran Group jointly announced the launch of a new co-branded Hindi news and current affairs Internet property. The new property will seamlessly integrate the largest Hindi content of Jagran with Yahoo! India's formidable online presence.

This pioneering agreement brings together India's number one Internet brand and a leading Indian newspaper conglomerate to provide the best of both online services and print media content for users and advertisers.

The partnership will create a richer online Hindi user experience, with Jagran's original content across news, current affairs, sports, entertainment and other features. It will be complemented with Yahoo!s innovative, user-focused internet products and services offered in seven Indian languages, including Yahoo! Search, Mail and Messenger.

Under the terms of the agreement, Jagran and Yahoo! India will share graphical and keyword advertising revenue generated by the property with Yahoo! India managing the advertising sales and ad-serving for the new co-branded property. Both Companies will also partner in distributing Yahoo! India's search and small and medium business offerings.

"This exciting and strategic partnership between these two powerful media entities will redefine the Hindi Online User experience and take this to the next level" said Mr. Sanjay Gupta, CEO, JPL.

"This platform will help rebrand and rescale the Hindi online space and leverage the strengths of both the organizations in creating a very powerful online property. We looked for a partner that stood for leadership and credibility in the online media space, which understood the pulse of internet audiences and had a customer-centric focus as central to their business approach. Yahoo! India definitely represents all these and more" said Mr. Sanjay Gupta, CEO, JPL.

Source : Bombay Stock Exchange