Top Story


Home >> Media - TV >> Article

Network18 revamps biz broadcast ops; 12 pc positions to be rendered surplus

Font Size   16
Network18 revamps biz broadcast ops; 12 pc positions to be rendered surplus

Network18 is reorganising the business broadcast operation of its group company TV18. Television18 runs CNBC TV18 and CNBC Awaaz. The decision to merge the logistics, back-end and broadcast and operations of the two channels coincides with the completion of 10 years of CNBC TV18 and five years of CNBC Awaaz as standalone operations.

The company expects to optimise approximately 20 per cent in annual operating costs via this restructuring. This move follows the commitment under the TV18 rights offer to shareholders, viz. the payment of more that Rs 300 crore of debt. The savings on interest and operational costs will lead to total reduction of approximately Rs 65 crore in annual cost.

The restructuring will also create the country largest business news infrastructure spread across eight business bureaus and two broadcast hubs – Mumbai and Delhi. This move will realise significant cost synergies between the operations and about 12 per cent positions in the company would be rendered surplus.

In a prepared statement, Haresh Chawla, Group CEO, Network18, said, “CNBC TV18 and CNBC Awaaz have independently carved out a loyal niche for themselves and are undisputed leaders in the English and Hindi business news spaces. The two channels command a lion’s share of the business news category, despite the onslaught of new offerings in the space. It is our belief that the next stage of growth and profitability of our business news operations will come from a more synergistic entity that combines the strength of two powerful and complementary brands. TV18 has already embarked on a path to financial restructuring as mentioned in the rights issue offer. Both these moves put together will make TV18 more robust in operating as well as financial terms.”


Arati Singh, Channel Head, NDTV Good Times, opens up on how she loves to go on adventurous trips on a typical weekend.

In week 9 of BARC ratings, the channel led the lifestyle space with 1206 million impressions followed by TLC, FYI TV18, Food Food and Fox Life

During his brief visit to India, Ronen Mense, Vice- President- Asia, AppsFlyer, spoke to exchange4media about app marketing and the new trends one can witness in mobile marketing.

Neha Kulwal, CEO, Admitad, talks about the future of affiliate marketing and the company's growth over the years

The campaign has urged all women to go for an early detection of breast cancer.

The sticky banner appears to show up in YouTube pre-roll ads of other brands, like a standard in-video banner. And the adhesive power of the banner is so strong, that even the characters in the ads ca...

Conceptualized and executed by GREY Group, the latest campaign for ENO demonstrates how the sudden onset of acidity can not only disrupt an otherwise fun moment, but has the potential to derail the ce...