Update: Our sources have confirmed that Agarwal will join as CEO; ContentSutra had reported the same earlier.

Medianama has learned from reliable sources that Manish Agarwal, currently Marketing Director at Microsoft India’s Developer and Platform Evangelism (DPE) division, is being hired as Chief Operating Officer Chief Executive Officer at UTV New Media.

He has neither confirmed nor denied the development. Speculation has been rife that Agarwal will be replacing TN Prabhu, the current CEO of UTV New Media. When we contacted TN Prabhu, he declined to comment.

Agarwal worked as VP, Marketing at Rediff for two years before moving to MSN, where he has been employed for a little over a year.

UTV New Media

UTV New Media comprises of the mobile and Internet businesses of UTV; it also operates the website UTVi.com for the group’s business channel. Youth portal Bindass.com, was recently relaunched. UTV also launched audio cinemas for mobiles on the voice portal 505999555.

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