Difficulty: Medium
Correct Answer: Deccan Chronicle
Explanation:
Introduction / Context:
Media companies frequently expand by acquiring stakes in other newspapers and publications. The Asian Age is an English language daily with editions in several cities. Business awareness questions may ask which media house took a controlling stake in this newspaper. In this case, the focus is on identifying which newspaper company acquired a 67 percent stake in The Asian Age.
Given Data / Assumptions:
Concept / Approach:
The concept here is consolidation in the print media industry. Deccan Chronicle Holdings Limited, which publishes Deccan Chronicle, has been reported as having acquired a majority stake in The Asian Age. Therefore, the approach is to recall that the brand \"Deccan Chronicle\" is linked with such acquisitions and to match that with the correct option.
Step-by-Step Solution:
Step 1: Note that Hindustan Times and The Hindu are independent media groups with strong brands but are not tied in standard GK to this acquisition.
Step 2: Times of India is part of Bennett Coleman, a major media house, yet static GK sources specifically mention Deccan Chronicle in relation to The Asian Age stake.
Step 3: Business awareness compilations state that Deccan Chronicle acquired a 67 percent stake in The Asian Age, expanding its presence.
Step 4: Therefore, among the options, Deccan Chronicle is the correct answer.
Verification / Alternative check:
A cross-check against business news archives and general knowledge question banks confirms that Deccan Chronicle Holdings Limited is associated with the acquisition of a majority stake in The Asian Age. This repeated mention across sources supports Deccan Chronicle as the right option.
Why Other Options Are Wrong:
Hindustan Times: While a major newspaper, sources do not credit it with this particular 67 percent stake acquisition in The Asian Age.
Times of India: Also a leading daily, but the relevant acquisition in standard GK is by Deccan Chronicle, not Times of India.
The Hindu: A respected national newspaper with its own expansion strategies, yet not associated with this specific deal.
Common Pitfalls:
Candidates may guess Times of India or Hindustan Times simply because they are better known nationally. The trick is to remember that Deccan Chronicle, which started as a regional paper, expanded through strategic acquisitions, including The Asian Age. Associating Deccan Chronicle with this specific acquisition helps avoid confusion in business awareness questions.
Final Answer:
A 67 percent stake in The Asian Age was acquired by the newspaper Deccan Chronicle.
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