By A Correspondent

Jagran Prakashan Limited has announced the exit of Mid-Day CEO and Managing Director Manajit Ghoshal.  JPL is the holding company of the Mid-Day group of publications. A letter from Jagran group CEO Sanjay Gupta was sent to all employees to intimate this on Friday, March 1.

Although MxMIndia could not reach either Messrs Gupta and Ghoshal, the parting is said to be with immediate effect. Old Mid-Day hand Cyriac Mathew will hold charge.

Mr Ghoshal saw a steady rise in the organization. Elevated to CEO in 2008 from his position of the CFO, he was also appointed Managing Director of Mid-Day Infomedia in 2009. When the Jagran group acquired the print and digital business of Mid-Day, Mr Ghoshal continued to hold charge of operations even as he reported to the JPL management.

“The old and new management of the news company reposed much faith in him,” said a former colleague, commenting on Mr Ghoshal’s well-spirited reign and how he raised the bar for his colleagues.