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Layoffs at TV18 group

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TV18 Broadcast Ltd, the arm of Network18 Ltd which runs the channels CNBC-TV18, CNBC Awaaz, CNN-IBN, IBN7 and IBN Lokmat, is dismissing many of its staffers. It appears to be in the process of doing so to a little over 300 employees across departments. Sources in the company say the bulk of those asked to go are from the CNN-IBN and IBN7 channels. At the time of filing the report, people were still being ha ...

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Network 18 to massively downsize staff, cut costs

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PRASHANT JHA Hundreds of employees of the Network 18 group – one of the country’s leading broadcasters, which owns CNN-IBN, IBN 7, and CNBC-TV 18 among other channels – stare at an uncertain future as the company, in the middle of a ‘restructuring exercise’, is scheduled to downsize ‘massively’ as a part of ‘cost rationalisation’ on Friday. Highly-placed channel sources, all of whom insisted on being anonym ...

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Ambani vs Ambani in India’s crowded television space

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MUMBAI: After Anand Mahindra, it's the turn of India's richest billionaire Mukesh Ambani to once again turn a venture capitalist and back a new media venture that is due to go on air mid-August. "Epic TV" - a niche entertainment pay channel will be India's first to showcase genre specific content related to history, folklore and mythology. Set up in October 2012, Epic Television Network is being led by Mahe ...

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