Sandesh has witnessed a muted print segment in the last year and a half. While FY20 print revenues declined 1%, the H1FY20 overall revenues declined ~17%. We also highlight that print, as a segment, has witnessed challenging times with weak ad growth. During FY19, key players like DB Corp and Jagran Prakashan reported print revenues (ad + subscription) growth of 6% and 1%, respectively, which for H1FY20 has been a decline of ~6% and 3%, respectively. The segment is likely to continue its declining trend at least in the medium term with key categories like government and...