financetom
Economy
financetom
/
Economy
/
After Bajaj, Parle says it will not advertise on 'toxic' news channels
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
After Bajaj, Parle says it will not advertise on 'toxic' news channels
Oct 12, 2020 10:20 AM

Biscuit maker Parle Products has said that the company will not advertise on news channels that "broadcast toxic content" and are accused of spreading hate.

Share Market Live

NSE

According to a report published in the newspaper Mint, Parle’s senior category head Krishnarao Buddha said that the channels promoting aggression and toxicity are not the kind the company wants to put money into as it does not favour its target consumer.

“We are exploring possibilities wherein other advertisers can come together and sort of put a restraint on their advertising spends on news channels, so that there is some sort of a clear signal to all the news channels, that they better change their content,” the newspaper quoted Buddha as saying.

The Parle executive's comment comes days after industrialist Rajiv Bajaj, MD of Bajaj Auto, told CNBC-TV18 that his company had blacklisted three channels for advertising as the company does not endorse toxicity and hate-mongering in society.

“A strong brand is a foundation on which you build a strong business. At the end of the day, the purpose of a strong business is to also contribute to the society," Bajaj had said. "Our brand has never associated with anything we feel is a source of toxicity in society."

Also Read: Bollywood takes Republic TV, Times Now to court for 'tarnishing industry's image'

Besides being accused of fomenting hate through communally-charged primetime debates often containing unsubstantiated claims, some news channels such as Arnab Goswami-led Republic TV, have also come under the scanner for allegedly rigging their television rating points through a systematic process, with the Mumbai Police registering the company.

TRP is a tool to judge which TV programs and channels are viewed the most.

Republic TV has denied wrongdoing and dismissed the charges as being politically-motivated by the Maharashtra government, which it has accused of cover-up in the Sushant Singh Rajput death case. It has also said it would sue the Mumbai Police for defamation.

The Mint report added advertising and media agencies are also closely tracking and re-evaluating media spends on channels accusing of rigging their TRPs though it said that they would not take a decision unless the news channel has been convicted of wrongdoing.

First Published:Oct 12, 2020 7:20 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US job openings edge lower in June
US job openings edge lower in June
Jul 30, 2024
WASHINGTON (Reuters) - U.S. job openings fell marginally in June and data for the prior month was revised higher, pointing to continued labor resilience that is underpinning the economy. Job openings, a measure of labor demand, had dropped 46,000 to 8.184 million by the last day of June, the Labor Department's Bureau of Labor Statistics said in its Job Openings...
Temasek Pours $30B Into US Amid Booming Economic Growth
Temasek Pours $30B Into US Amid Booming Economic Growth
Jul 30, 2024
In a recent move, Singapore’s state investor, Temasek, has declared its intention to pump as much as $30 billion into the U.S. market over the next five years. What Happened: Temasek’s investment strategy will primarily target sectors such as healthcare, financial services, and technology, Reuters reported on Tuesday. The U.S.’s leading position in the field of artificial intelligence (AI) has...
US home prices unchanged in May; annual gain smallest in 10 months
US home prices unchanged in May; annual gain smallest in 10 months
Jul 30, 2024
WASHINGTON (Reuters) - U.S. single-family home prices were unchanged in May and the annual increase was the smallest in 10 months as higher mortgage rates stifled demand, boosting housing supply. The unchanged reading in house prices followed a 0.3% month-on-month rise in April, the Federal Housing Finance Agency said on Tuesday. In the 12 months through May, house prices increased...
Redbook US Same-Store Sales Rise in Week Ended July 27
Redbook US Same-Store Sales Rise in Week Ended July 27
Jul 30, 2024
08:55 AM EDT, 07/30/2024 (MT Newswires) -- Redbook US same-store sales rose by 4.5% from a year earlier in the week ended July 27 after a 4.9% year-over-year increase in the previous week. Redbook noted sales slowed due to the heat wave in most parts of the country and due to the mid-July doldrums. Retailers are trying to clear summer...
Copyright 2023-2026 - www.financetom.com All Rights Reserved