Durga Raghunath, CEO of Network18 Digital, has put in her papers, multiple sources have confirmed to MediaNama. Raghunath, on being contacted, declined to comment.
Raghunath taken over as CEO of Network18 Digital from Lakshmi Narasimhan in April this year, and was responsible for all of Network18 Digital’s content properties, including Moneycontrol.com (their cash-cow), FirstPost, Burrp (the listing and reviews business), First Biz (the business focused version of FirstPost), and News18.com (the groups state and local news portal).
Prior to that appointment, she was the CEO of FirstPost. Raghunath had joined the Network18 group in 2010 as VP (product) and executive news producer for Web18, and was instrumental in the conceptualization and launch of Firstpost. Prior to joining Network18, she was with The Wall Street Journal as India Editor (mobile services and digital product development), before which she was the Managing Editor of Livemint.com, the website for HT Media’s financial daily Mint. She has also worked with HarperCollins Publishers in Marketing planning.
Lots of rumors floating around about exits at Network18. Raghav Bahl, who recently exited Network18, is planning to set up an online news business. More on that here.
– Quartz India has a story on how things appears to be changing at Network18
– Mint had a story on the Reliance Industries take-over of Network18 happened
– Read our comprehensive coverage on RIL’s takeover of Network18 here.
(updates: edited a typographical error)