Exhibit Four

Saturday, January 10, 2004

Last evening @ TV Today: 3 biggies quit Aaj Tak, 2 leave Headlines Today. Uday Shankar "definitely going". Elsewhere: Vineet J and Bachi walk the ramp

We had announced that we won't be producing an update on Saturdays, but this is a mini-edition to update you on two happenings.

One, about Uday Shankar. News director at Aaj Tak, going to Star News at the same position. The buzz is right, we were told by a senior producer... he is "definitely going".

Uday, btw, is part of the senior management at TV Today Network, and his name figures in the prospectus (the draft at least) of the company when it went in for an IPO last month. For the record, he's a little over 40, has worked at Sahara, SAB TV, Zee News and The Times of India. He holds a master's in economic history has done a PG diploma in journalism.and a Post Graduate Diploma in Journalism (info sourced from the TV Today offer document).

Prasar Bharati CEO K S Sarma publicly announced on Thursday that a few people from Aaj Tak were joining Doordardarshan News. Last evening, three senior staffers in the channel are said to have put in their papers. Two have left Headlines Today, reportedly so "disgusted" that one of them has quit without even having a job in hand.

We asked a few Aaj Tak hands, specifically in Delhi, if Uday's going will make a difference to the channel? The reply we got was a firm "no", but an equally firm "yes". Yes, because being the boss, he held the channel together and was a good guide to the freshers in the organisation. And no, because the show will go on nevertheless, and a successor has been indentified.

The other bit that we heard of is about a party held last evening to celebrate The Times of India Delhi's numero uno status. Guess who walked the ramp? Managing Director Vineet Jain and Resident Editor Bachi Karkaria. There was also an excellent display of fireworks.
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