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Deccan Chronicle

Deccan Chronicle is an Indian English-language daily newspaper headquartered in Hyderabad, Telangana, founded in 1938 as a weekly edition and later converted to a daily publication.^[1]^[2] Published by Deccan Chronicle Holdings Limited (DCHL), which is owned by Samagrah Commercial Pvt Limited, the newspaper is recognized as one of the largest circulated English dailies in South India, with a claimed circulation of over 1.45 million copies daily as of 2024.^[2]^[3]^[3] The newspaper has seven editions across Andhra Pradesh, Telangana, and Tamil Nadu, including major cities such as Hyderabad, Vijayawada, Visakhapatnam, Chennai, Rajahmundry, Nellore, and Karimnagar.^[3]^[4] It covers a wide range of topics including politics, business, sports, entertainment, and regional news, with a focus on South Indian affairs, and maintains a digital presence through its website and e-paper.^[5]^[6] In addition to Deccan Chronicle, DCHL publishes other titles such as The Asian Age, Financial Chronicle, and the Telugu daily Andhra Bhoomi, contributing to its broader media portfolio.^[3] The group has faced financial challenges in the past, including debt issues in the 2010s, but continues to operate.^[1]

History

Founding

Deccan Chronicle was established in 1938 in Hyderabad as a weekly English-language newspaper by Rajagopal Mudaliar, a paper supplier to the Nizam of Hyderabad's government press, who backed the venture after the idea was proposed by a group including journalist Theodore La Touche, advocate B.R. Chari, and M.N. Jaisoorya, the homeopath son of poet Sarojini Naidu.^[7] The publication was conceived as an "everybody's paper" to appeal broadly to the region's diverse urban population.^[8] From its inception, Deccan Chronicle focused on local Hyderabad news, politics, and regional affairs, targeting the English-reading educated elite in the Deccan plateau amid a media landscape dominated by Urdu and Telugu vernacular outlets.^[8] It transitioned to a daily format in 1947, marking a shift toward more consistent coverage as India approached independence.^[9] Headquartered in Hyderabad, the newspaper operated as a modest partnership firm with its printing supported by Mudaliar's connections to the Nizam's press infrastructure. The early years were fraught with challenges typical of the pre-independence era under Nizam rule, including limited financial resources that constrained expansion and stiff competition from established vernacular presses catering to the majority non-English readership.^[7] Despite these hurdles, Deccan Chronicle carved a niche among the city's cosmopolitan and educated circles, laying the groundwork for its role in regional journalism. In 1977, amid mounting debts, ownership passed to T. Chandrasekhar Reddy of the Tikkavarapu family.^[7]

Acquisition and Early Expansion

In January 1977, amid financial difficulties and mounting debts that the original partners could not repay, the Deccan Chronicle was acquired by T. Chandrashekhar Reddy of the Tikkavarapu family for Rs 2 lakh, marking a pivotal shift in its trajectory from a struggling local publication to a revitalized enterprise.^[1]^[7]^[9] The takeover, from previous owners A. P. Nagratnam, K. R. Pattabhiram, and K. R. Vishnu Murthy, injected new capital and vision into the newspaper, which had been founded in 1938 as an English weekly newspaper in Hyderabad, becoming a daily in 1947.^[9] Under Reddy's leadership, the Deccan Chronicle underwent immediate modernization of its operations and printing infrastructure, with his sons, T. Venkattram Reddy and T. Vinayak Ravi Reddy, joining the management in subsequent years to oversee enhancements to printing machinery and production processes.^[10] These upgrades improved print quality and reliability, enabling the newspaper to expand its content beyond purely regional Deccan affairs to incorporate greater national news coverage while retaining a strong focus on local stories from Telangana and Andhra Pradesh.^[11] By the 1980s, these efforts had solidified the Deccan Chronicle's position as a consistent daily publication with a growing and loyal readership across Telangana and Andhra Pradesh, establishing it as a household name in southern India's English print media landscape.^[11]

Peak Growth in the 2000s

The Deccan Chronicle experienced significant expansion during the early 2000s, building on its foundation established after the 1977 acquisition by the Tikkavarapu family, which provided stability for subsequent growth initiatives. A key milestone was the launch of its Chennai edition on March 28, 2005, marking the newspaper's entry into Tamil Nadu and elevating its national presence in the competitive South Indian media landscape. This move was part of an aggressive strategy to capture market share in major urban centers, with the Chennai edition quickly achieving substantial readership. By January to June 2006, the edition's average circulation reached 295,326 copies, as certified by the Audit Bureau of Circulations (ABC), reflecting strong initial demand and positioning Deccan Chronicle as a formidable challenger to established dailies in the region.^[12]^[13] Further growth accelerated with the introduction of the Bengaluru edition on June 2, 2008, extending operations into Karnataka and targeting the city's burgeoning English-speaking audience with a focus on youth-oriented content. This was followed by the Kochi edition launch on March 18, 2011, which brought Deccan Chronicle into Kerala and completed its penetration of key southern markets. By this period, the newspaper operated 11 editions across five states—Andhra Pradesh, Tamil Nadu, Karnataka, and Kerala—encompassing cities such as Hyderabad, Vijayawada, Rajahmundry, Visakhapatnam, Anantapur, Karimnagar, Nellore, Chennai, Coimbatore, Bengaluru, and Kochi. These expansions culminated in a peak daily circulation exceeding 1.45 million copies, underscoring Deccan Chronicle's dominance as one of South India's leading English-language dailies.^[14]^[15]^[6] To support this rapid scaling, Deccan Chronicle Holdings Limited (DCHL) made strategic investments in advanced printing infrastructure during the 2000s, including upgrades to color printing capabilities and high-speed presses to enhance production quality and efficiency across new facilities. Concurrently, the company diversified into complementary media ventures, such as acquiring a 67% stake in Asian Age Holdings in May 2005 to broaden its national footprint and launching the financial daily Financial Chronicle in April 2008 with editions in Hyderabad, Chennai, and Bengaluru. These efforts solidified Deccan Chronicle's status as a major rival to The Hindu and The Times of India in South India, particularly in Hyderabad where it maintained top circulation rankings amid intense competition.^[9]^[16]^[17]^[18]

Financial Decline and Closures

Following its aggressive expansion during the 2000s, Deccan Chronicle Holdings Limited (DCHL) entered a phase of financial decline in the early 2010s, primarily driven by over-extension into new markets and substantial investments in non-core ventures. The company's rapid growth, including the launch of editions in cities like Chennai and Bengaluru, required heavy capital outlays for printing infrastructure and operations, which outpaced revenue generation and strained liquidity.^[19] Additionally, the acquisition of the Deccan Chargers IPL franchise in 2008 for approximately $107 million (around ₹450 crore at the time) diverted significant funds and contributed to mounting losses, as the team underperformed and failed to deliver expected returns.^[20] By 2013, these factors had led to an accumulated debt of nearly ₹4,000 crore, including loans from public sector banks and non-convertible debentures, exacerbating cash flow issues amid rising operational costs.^[21] The financial pressures were further intensified by broader economic disruptions in the mid-2010s, which hit the print media sector hard through reduced advertising spends and circulation. Demonetization in November 2016 and the implementation of Goods and Services Tax (GST) in July 2017 disrupted cash-dependent advertising and distribution channels, leading to revenue shortfalls for newspapers like Deccan Chronicle that relied heavily on regional markets.^[22] By this period, DCHL's total liabilities had escalated to over ₹5,000 crore, prompting restructuring efforts and asset sales, though these provided only temporary relief.^[23] In response to ongoing unviability, Deccan Chronicle closed its Bengaluru and Kerala editions on December 27, 2019, after a decade of operations in those markets. The decision was attributed to persistent financial losses, despite the Bengaluru edition reportedly being profitable at one point, as revenues were increasingly redirected to core regions; this came amid a broader industry shift toward digital platforms and declining print readership.^[24] Staff in these bureaus faced salary delays of up to six months, with no immediate layoffs but uncertain prospects, including potential transfers to Hyderabad.^[25] The contractions continued into 2020, with the cessation of the sister Telugu publication Andhra Bhoomi, which had been published since 1960, reducing Deccan Chronicle's operations to its core editions in Andhra Pradesh, Telangana, and Chennai. Management cited inability to sustain salary payments and operations as the key reasons for the permanent closure, leaving hundreds of employees without pay for months and prompting appeals to the Telangana State Human Rights Commission for arrears.^[26] In July 2020, the Bombay High Court awarded DCHL approximately ₹4,815 crore plus 10% interest from 2012 for the BCCI's wrongful termination of the Deccan Chargers franchise.^[27] However, a proposed resolution plan backed by Srei Infrastructure Finance and Vision India Fund, approved by NCLT in 2019, was overturned by the National Company Law Appellate Tribunal (NCLAT) in January 2022 due to eligibility concerns.^[28] As of 2025, insolvency proceedings continue under the Insolvency and Bankruptcy Code, with the newspaper operating seven core editions: Hyderabad, Vijayawada, Rajahmundry, Visakhapatnam, Karimnagar, Nellore, and Chennai.^[29]

Operations

Editions and Circulation

As of 2025, Deccan Chronicle maintains eleven editions across South India, including Hyderabad, Anantapur, and Karimnagar in Telangana; Vijayawada, Rajahmundry, Nellore, and Visakhapatnam in Andhra Pradesh; Chennai in Tamil Nadu; Bengaluru in Karnataka; and Kochi in Kerala.^[3] These publications serve as the primary outlets following earlier contractions in the newspaper's footprint.^[3] The combined daily circulation for these editions stands at approximately 500,000 copies, concentrated in the aforementioned regions.^[30] Distribution occurs via a network of local agents and strategic partnerships throughout South India, prioritizing delivery to urban and semi-urban areas where English-speaking professionals form a key demographic.^[31] Readership has stabilized since the 2019 operational adjustments amid broader national shifts in print consumption.^[3] This positions Deccan Chronicle as a resilient player in regional English-language media, sustaining engagement through targeted local coverage.^[3]

Editorial Structure and Content Focus

The editorial operations of Deccan Chronicle are headed by Editor-in-Chief A. T. Jayanti, who directs the newsroom's strategic direction and content oversight as of 2024.^[2] Under this leadership, the newspaper maintains a structured hierarchy that includes deputy editors, section heads, and correspondents coordinated across multiple bureaus. This setup ensures coordinated coverage of diverse topics, with editorial decisions emphasizing balanced reporting and regional relevance.^[32] Deccan Chronicle employs a team of journalists distributed across its bureaus, enabling focused reporting on local, national, and international news. The newsroom prioritizes South Indian politics, particularly developments in Andhra Pradesh and Telangana, alongside business trends affecting the region, entertainment news centered on Tollywood and Kollywood industries, sports events, and lifestyle topics. Dedicated sections highlight these areas, such as entertainment pages for film industry updates and sports coverage for cricket and regional leagues, fostering a reader-centric approach that blends in-depth analysis with timely features like quick news briefs.^[33]^[34]^[35]^[36] The production process follows a traditional broadsheet format, delivering full-page layouts for comprehensive storytelling, supplemented by daily editions and special features like the Sunday Chronicle for extended lifestyle and opinion content.^[37] To enhance coverage, the newspaper integrates syndicated material from wire services, allowing seamless inclusion of global and national stories while maintaining an emphasis on original regional reporting. Core editions serve Andhra Pradesh, Telangana, and Chennai, supporting this integrated workflow. The newspaper also maintains a digital presence through its website and e-paper.^[5]^[38]^[4]

Associated Ventures

Deccan Chargers

In 2008, Deccan Chronicle Holdings Limited (DCHL), the parent company of Deccan Chronicle, diversified into sports entertainment by acquiring the Deccan Chargers, an Indian Premier League (IPL) cricket franchise based in Hyderabad, for US$107 million (approximately ₹425 crore at the time).^[39]^[19] This purchase was part of a broader expansion strategy amid the growing popularity of the IPL, marking DCHL's entry into high-profile sports ownership.^[40] The Deccan Chargers achieved notable success in their early seasons, particularly under the captaincy of Adam Gilchrist, who led the team to victory in the 2009 IPL final against the Royal Challengers Bangalore by six runs in Johannesburg.^[41] This triumph, following a last-place finish in the inaugural 2008 season, highlighted the franchise's potential and boosted its visibility, with Gilchrist earning the Player of the Series award for his explosive batting performances.^[42] However, the team's operational costs, including player salaries, travel, and infrastructure, imposed a significant financial burden on DCHL, contributing to the company's mounting debt as recurring expenses outpaced revenues from the venture.^[19]^[43] The franchise faced severe challenges due to DCHL's financial defaults, leading the Board of Control for Cricket in India (BCCI) to terminate the Deccan Chargers' contract on September 14, 2012, for failures such as non-payment of player salaries and obligations to foreign cricket boards.^[44]^[45] In response, DCHL pursued arbitration, and in July 2020, a Bombay High Court-appointed tribunal ruled the termination wrongful, awarding DCHL ₹4,814.67 crore in compensation plus 10% interest from 2012. However, in June 2021, the Bombay High Court set aside this award, holding the termination valid and directing the BCCI to pay only the outstanding amount of approximately ₹34 crore to DCHL. No further legal developments have been reported as of 2025.^[27]^[46]^[47]

Sister Publications

Deccan Chronicle Holdings Limited (DCHL) oversees a portfolio of sister publications that complement its flagship English daily, Deccan Chronicle, by targeting specialized audiences in business, national, and regional language markets.^[3] Financial Chronicle is a business-oriented English daily launched on April 16, 2008, aimed at corporate professionals and investors with in-depth coverage of financial markets, economy, and corporate news. It operates editions in major Indian cities including Delhi, Mumbai, Hyderabad, Bangalore, and Chennai, providing targeted analysis for business readers across urban centers.^[48]^[49] The Asian Age, established in February 1994, serves as a national English daily with shared ownership under DCHL, focusing on unbiased reporting that blends local, national, and international news alongside prominent opinion pieces and analytical columns on global affairs. Its editions are published from Delhi, Mumbai, Kolkata, and London, emphasizing international perspectives and supplements on topics like lifestyle and world events to reach a diverse readership beyond South India.^[50]^[51] Andhra Bhoomi was a Telugu-language daily newspaper founded in 1960 and owned by DCHL, catering to regional audiences in Andhra Pradesh and Telangana with local news, politics, and cultural content in the native language. It operated as a key vernacular outlet until suspending publication in 2020, with DCHL confirming its permanent closure in March 2021 due to financial challenges, including unpaid wages to staff.^[3]^[26]

Controversies

Financial and Legal Issues

In February 2015, Deccan Chronicle Holdings Limited (DCHL) chairman T. Venkattram Reddy was arrested by the Central Bureau of Investigation (CBI) on charges of cheating and criminal conspiracy related to a Rs 357 crore loan default to Canara Bank, as part of the company's broader debt crisis exceeding Rs 4,000 crore.^[52]^[53] The Enforcement Directorate (ED) launched a parallel money laundering probe under the Prevention of Money Laundering Act (PMLA) in 2015, based on six CBI FIRs alleging fraud through forged documents and share pledging irregularities, where promoters allegedly pledged the same shares multiple times to secure loans.^[54]^[55] The ED's investigations led to repeated asset seizures, including provisional attachments of immovable properties worth Rs 263.10 crore in March 2017 and Rs 122.15 crore in October 2020, targeting DCHL and its former promoters to recover proceeds of crime linked to the banking fraud.^[56]^[57] In June 2023, the ED arrested Reddy, along with former director P.K. Iyer and auditor Mani Oommen, under PMLA provisions for their alleged roles in a Rs 8,180 crore bank loan fraud involving falsified documents and diversion of funds.^[58] These arrests stemmed from ongoing CBI cases and highlighted persistent irregularities in loan utilization and collateral pledging.^[59] Parallel litigations with creditor banks, including Canara Bank, IDBI Bank, and others, escalated into insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016, with Canara Bank filing an application in July 2017 that was admitted by the National Company Law Tribunal (NCLT) Hyderabad Bench.^[60] The corporate insolvency resolution process (CIRP) faced multiple extensions due to delays in plan submissions, culminating in the approval of a Rs 408 crore resolution plan by Srei Multiple Asset Investment Trust (Vision India Fund) in June 2019, which was later set aside by the National Company Law Appellate Tribunal (NCLAT) in January 2022 over disputes regarding asset valuation and creditor payouts.^[61]^[62] In March 2023, the Supreme Court of India restored the NCLT's approval of the Srei resolution plan, ruling that post-approval modifications—such as claims over trademarks like "Deccan Chronicle"—were impermissible under IBC provisions, thereby facilitating DCHL's exit from CIRP oversight and enabling restructuring to address creditor claims.^[63] This judicial intervention marked the culmination of debt resolution efforts initiated amid expansions and investments in non-core assets, including the IPL franchise Deccan Chargers.^[64] As part of the approved plan, ownership shifted to the successful resolution applicant, with DCHL continuing operations under new management by 2023. As of 2025, Deccan Chronicle is owned by Samagrah Commercial Pvt Limited.^[65]

Editorial Bias and Criticisms

Deccan Chronicle has been classified as right-center biased by media watchdog Media Bias/Fact Check, primarily due to the use of loaded language in its reporting and consistent support for India's right-leaning central government, including favorable coverage of the Bharatiya Janata Party (BJP) during key political events such as the 2014 and 2019 general elections.^[2] This slant is evident in editorial positions that align with pro-BJP narratives on national issues, while regional coverage has shown a tendency to favor the Telangana state government, particularly during the formative 2014-2019 period when the Telangana Rashtra Samithi (now Bharat Rashtra Samithi) held power and pushed for state-specific development agendas.^[2] Criticisms of the newspaper's factual accuracy peaked with specific incidents of verification lapses, such as a 2018 publication in its Hyderabad edition attributing a fabricated quote to Jawaharlal Nehru—"By education I am an Englishman, by views an internationalist, by culture a Muslim and Hindu only by accident of birth"—which originated from a 1959 article by Hindu Mahasabha leader N. B. Khare and had no basis in Nehru's writings or speeches.^[66] Fact-checkers highlighted this as a failure in source verification for a politically charged story, though a correction was issued by the newspaper on November 24, 2018. Additional critiques have pointed to occasional sensationalism in entertainment and lifestyle sections, where moderately loaded headlines amplify celebrity gossip and film industry drama to drive readership, diverging from balanced reporting.^[2] Despite these issues, Deccan Chronicle maintains a "Mostly Factual" rating from Media Bias/Fact Check, reflecting generally reliable sourcing in its politics and current affairs coverage, with lapses attributed to rushed verification rather than systemic fabrication.^[2] The newspaper has responded to broader industry scrutiny by emphasizing adherence to standard journalistic ethics, including fact-checking protocols and editorial independence, though specific commitments post-incidents remain limited to general statements on accuracy.^[3]

References

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a journalist ...Missing: challenges | Show results with:challenges<|control11|><|separator|>
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The year 2024 has been a monumental one for Tollywood, surpassing expectations with its diverse lineup of films.
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Reports have surfaced that Jayam Ravi and his spouse Aarti have decided to end their 15-year-old marriage.Missing: focus Indian lifestyle Radar
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Former Cricketers Jhulan Goswami, Anjum Chopra Meet With Salman Khan... Big Boss team celebrated Indian Women's World Cup win. 8 November 2025 11:38 PM.Cricket · Other News · Football · Jofra Archer Joins England...
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Tabloid ; Desi kitsch art back in vogue · 7 November 2025 6:55 AM ; OTT Deals Are Now a Necessity, Says Suresh Babu · 7 November 2025 6:25 AM ; And Now, 'Pushpa: The ...Missing: focus Radar
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[36]
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DCH vs RCB ; Player Of The Series. Chargers. Adam Gilchrist ; Series result, Deccan Chargers won the 2009 Indian Premier League ; Hours of play (local time), 16.30 ...Deccan Chargers · Indian Premier League 2009 · Summary · MVP
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Opinion ; AA Edit | A Song That has Unified India · 7 Nov 2025 5:40 PM ; AA Edit | Higher Voter Turnout in Bihar Good for Democracy · 7 Nov 2025 5:35 PM ; Farrukh ...Columnists · Edit · AA Edit | Trump’s Bill Not So... · India Must Support Dalai...
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Deccan Chronicle Holdings promoters pledged same shares twice
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Money laundering case: ED attaches assets of Deccan Chronicle, its ...
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[55]
Bank Loan Fraud: ED Arrests T Venkattram Reddy - PGurus
Jun 14, 2023 · ED arrests T Venkattram Reddy, former promoter of Deccan Chronicle group for bank loan fraud of more than Rs.8000 crore. Reddy was taken into ...
[56]
[PDF] Insolvency Tale of Deccan Chronicle Holdings Limited - ipa-icmai
Canara Bank filed an application under section 7 of the Insolvency and Bankruptcy. Code, 2016 (“Code”) read with Rule 4 of the Insolvency and Bankruptcy.
[57]
NCLT accepts Srei Group's plan for Deccan Chronicle
Jun 4, 2019 · The tribunal has approved the resolution plan of Srei Multiple Asset Investment Trust Vision India Fund involving Rs 408.06 crore in cash.
[58]
NCLAT sets aside NCLT order approving Srei's resolution plan for ...
Jan 25, 2022 · In the said resolution plan, an upfront cash amount of Rs 350 crore was offered to the financial Creditors of DCHL. According to IDBI, Canara ...Missing: Samagrah | Show results with:Samagrah<|control11|><|separator|>
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IBC- Once Resolution Plan Is Approved, No Modifications ... - Live Law
Mar 23, 2023 · IBC- Once Resolution Plan Is Approved, No Modifications Are Permissible : Supreme Court. Pallavi Mishra. 23 Mar 2023 2:52 AM. (6 mins read ).
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NCLT approves Srei resolution plan for Deccan Chronicle
Jun 4, 2019 · HYDERABAD : The Hyderabad Bench of National Company Law Tribunal (NCLT) Monday finally approved the resolution plan for Deccan Chronicle ...Missing: Samagrah Commercial
[61]
SREI Multiple Asset Investment Trust Vision India Fund v. Deccan ...
Mar 17, 2023 · 1. The instant appeal has been filed by the successful resolution applicant (for short “SRA”) of the Corporate Debtor (Deccan Chronicle Holdings ...
[62]
Rishi Bagreee amplifies 'accidental Hindu' quote falsely attributed to ...
17 year old video of Imam Bukhari abusing Shabana Azmi being circulated with a false claim.<|separator|>