The Ananda Bazar Patrika (ABP) group will launch the Indian edition of the British weekly magazine, The Spectator, called Spectator India.
The Registrar of Newspapers in India had approved the title in April 2009.
The Spectator is owned by the publishers of the The Daily Telegraph, the Barclay brothers. Spectator India is the second foreign magazine to be launched under the ‘news and current affairs’ section after Forbes India, which was launched by Network18 Group.
Telegraph Publications Pvt. Ltd, a unit of ABP that publishes The Telegraph in Kolkata, was granted the permission to publish the Indian version of The Spectator on July 3, 2009, by the Ministry of Information and Broadcasting (MIB).
Spectator India will be a monthly magazine that will carry articles related to Indian politics, arts and culture.
The Spectator was first published in July 6, 1828 and since then has informed its readers about current happenings, arts, literature and everyday issues though in a more conservative vein.
An Australian edition of The Spectator was launched in late 2008.
Apart from Spectator India, the ABP group also plans to launch the Indian edition of Fortune magazine. In October 2007, the ABP Group has said that it had entered into an agreement with Time Warner to publish the India edition of Fortune by February 2008.
International newspapers who are looking to launch local editions got the go-ahead from the government in January 2009. As per the policy changes, international newspapers could now publish facsimile editions.
The government now allows 100% foreign direct investment (FDI) subject to prior government approval for the publication of the facsimile editions of international media outfits on the condition that the investment is made by the owner of the original newspaper.
Other international newspapers that are planning to launch India editions are The Wall Street Journal, International Herald Tribune, and Financial Times.