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[The Outline By Inc42 Plus] Killing India’s Digital Media, Softly

[The Outline By Inc42 Plus] Killing India’s Digital Media, Softly

The 26% FDI restriction has claimed its first victim and threatens other digital news startups.

Dear Reader, 

We write obituaries of companies and delve deep into the reasons which lead to the shuttering of startups. But the media rarely publishes anything beyond a few lines (the who- what-where-when-and-why) when one of our ilks shuts down. 

But the closure of HuffPost India earlier this week, after the acquisition of its parent company by BuzzFeed from Verizon Media, demands a closer look as it could be the first of many more casualties. 

An image tweeted by media commentator Maxwell Tani, which has been doing the rounds on social media, shows Buzzfeed founder and CEO Jonah Peretti saying: