"We have tied up with the WSJ for our soon-to-be-launched business newspaper. However, it is an editorial tie-up only and nothing is planned for equity participation as of now," HT Media Business Head Rajan Bhalla told PTI in New Delhi.
The company was currently in the process of finalising plans for launching the business paper, which can be expected in the news stands by the end of this fiscal, Bhalla said.
Delhi and Mumbai were the "obvious markets" HT Media had in mind for launching the editions of the newspaper, he said.
Asked when would the edition of Hindustan Times Mumbai, which was launched last year in the general news category, achieve break-even, Bhalla said it would be "very soon".
HT Media, the publisher of English daily Hindustan Times and Hindi daily Hindustan, has recently roped in WSJ's
Europe editor Raju Narisetti for editing the business daily.
"We are in the process of understanding the market as well as team formation for the newspaper," Narisetti said.
Under the tie-up, the company's business newspaper and its website would publish WSJ pages that would contain business news from the journal's print and online editions.
HT Media would also offer news resources from Dow Jones news wire to the readers.
The Wall Street Journal is the flagship publication of Dow Jones & Co Inc.
"This unique content partnership between HT Media and Wall Street Journal emphasises our desire to offer a business newspaper to Indian readers at a time when India has become a global player in myriad industries," HT Media's CEO Rajiv Verma said in a filing on the stock exchanges.
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