To the envious eyes of the Western journalist, veteran of the gruelling advertising recession of this century's early years, it is a glimpse of a legendary golden age. In the brasserie of one of Mumbai's swankiest hotels, a newspaper editor and a dozen of his senior staff are sipping champagne at three in the afternoon. At the end of an expensive lunch, they are preparing for a launch, a few weeks off. This week, as Mumbai ground to a halt under the worst monsoon deluge anyone can remember, life could not have been grimmer for everybody. But it is still a good time to be an Indian journalist. July 30th was due to see the birth of DNA-Daily News & Analysis-the third English-language paper launched in Mumbai so far this year. Add the prospect, nationwide, of no fewer than six new cable-television news channels by the end of the year, and j obs are multiplying and salaries soaring.
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