The editors who recently resigned from Kantipur Publications have announced the new publishing company and two new newspapers.
The new company, the Nhu Republic Media, will bring out Nhu Nepal, Nepali daily, and the New Republic, English daily in about three months, said an SMS message sent out by one of the editors of a paper. Nhu is the Newari word that means new.
The editor of the Nepali daily will be Narayan Wagle who resigned from the editorship of Kantipur, Nepal’s largest daily, a few days ago. The editor of the English daily will be Ameet Dhakal who resigned from the Kathmandu Post, Nepal’s prominent English daily, a few days ago.
Prateek Pradhan who resigned from the Kathmandu Post a few days ago will be the Managing Director of the new publishing company, according to Wagle who spoke in a farewell ceremony this evening organized by Kantipur reporting section. Gunaraj Luintel, who was news editor at Kantipur will hold the same post in the new Nepali paper. D K Jaishy, the former news coordinator of the Post who resigned along with the other five, will be the news editor in the new English paper. The sixth person in the breakaway faction is Rajesh KC, popular cartoonist, who will look after the designing aspects of the new papers.
Binod Raj Gyawali who sold his shares at Kantipur Publications- publisher of Kantipur and the Post- last month will have majority of shares in the new company, editors said. Gyawali, who was director at Kantipur, will be the chairman.
The offices of the new publishing company are located on the first and second floor of Churchill Complex, Sundhara.
The editors wished success of Kantipur terming that as “the best newsroom in the country”. They said they wanted a strong and vibrant newspaper in Kantipur so that they could compete with a strong team and paper. They said they will be focusing mainly in the Kathmandu markets in the beginning- at least the first year- and go outside valley depending on how they perform in Kathmandu.
A web site will soon be launched, according an editor. They will start hiring soon but they said they wouldn’t create a mass exodus in Kantipur or the Post. They hinted that they will approach to some reporters who they think are the best.
“Coming of a new media company will only help the media sector and reporters and the readers,” said Dhakal, the editor of the New Republic.
“We will be driven by journalistic principles,” he said and said that commercial priorities would be second to the newspapers.
The new company plans to spend Rs. 400 million over the next five years.