News papers are supposed to disseminate the news rather than make it. Deccan Chronicle has been in the news recently for all wrong reasons. DC is an English language daily newspaper published in Hyderabad, AP by DCHL, the name derives from the originating place, the Deccan regions of India. Till recently as 2010, the company which was considered a textbook example of how to run a modern newspaper is in doldrums Deccan chronicle Holdings Ltd (DCHL), the company that holds Deccan Chronicle (DC) along with the IPL team Deccan Chargers and the leisure store chain Odessey, is facing a winding up petition by creditors and allegations of fraud and forgery by its Depository Participant and on several other issues related to corporate governance and investor protection. This is a classic example of consequences of corporate overstretch.
“In my opinion, the current problem of Deccan Chronicle is due to unrelated diversification and the management's loss of focus,” - Satish Kantheti, head of the equity research division at Hyderabad-based brokerage house Zen Securities Ltd.
