Update: It's official. Network18 has announced to the BSE that Saikumar has left the company. According to the press release, Sai was with the Network18 group for 14 years, starting in sales. He was involved with the setting up of Indiacast, in partnership with Viacom, and was on the board of the groups joint ventures. There's no indication of why Sai quit or what his future plans are. We'll update when we hear more. Earlier today: MediaNama has heard from multiple reliable sources that B. Saikumar, Group CEO of Network18, has quit the company. At the time of filing this report, Saikumar was unavailable for comment, and hasn't yet responded to calls or an SMS query from MediaNama. Sources within Network18 have also confirmed that Saikumar has left. His departure comes within a period of consolidation at Network18, which had…
