TV18 Broadcast Limited, the broadcasting subsidiary of Network18, has laid off around 300 - 400 people as part of its restructuring exercise last week, reports Livemint, citing three sources familiar with the development. It notes that Network18 MD Raghav Behl has not responded to their queries yet and did not respond to their phone calls. On being contacted by MediaNama regarding any layoffs in Web18, the divisions CEO Lakshmi Narasimhan declined to comment and pointed us towards Saket Saurabh, GM - Corporate Development. IBNLive CEO Rajan Srinivas did the same. Saurabh did not respond to our calls, and Shampa Kochhar, Group Head of HR for Network18 was not reachable at the time of writing this article. The Mint report says that the TV18 layoffs were across various departments including editorial, sales, technical and marketing departments and accounted for 30% of TV18's estimated workforce of 1,300 employees. The worst affected were production teams which include camera men and editors, feature programming teams and entertainment programming teams. Citing an unnamed TV18 employee, it also mentioned that the company has merged the operational teams of CNN IBN and IBN7 while a significant number of employees at CNBC Awaaz’s Delhi operations were laid off. Several feature shows like 'Living It Up' have been reportedly discontinued while teams for other shows have been reduced significantly. This development follows several media reports from last week which had indicated that TV18 was looking to restructure its operations and reduce its workforce significantly, as part of a cost cutting exercise due to the lackluster advertising environment and government regulations like…
- Medianama Daily: IT Ministry’s online gaming googly in Parliament February 9, 2023
- How much money was seized by the Indian state while investigating illegal loan apps? February 8, 2023
- Publishers Aren’t ‘Intermediaries’, IT Ministry Says: What Does This Mean for India’s Online Gaming Laws? February 8, 2023
- You can now use PhonePe UPI to pay in UAE, Singapore, Nepal and Bhutan February 8, 2023
- Wikipedia ‘Unblocked’ in Pakistan, PM Forms A Committee To Regulate ‘Objectionable’ Content February 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...