Bloomberg L.P. and Business Broadcast News Private Limited announced last week that their media licensing agreement will conclude at the end of the contracted period on March 31, 2016, after seven years of partnership. Both parties mutually agreed to allow the licensing agreement to lapse, and to pursue their respective new business strategies.
Soon after this development the market has been buzzing with talk of Raghav Bahl now joining hands with Bloomberg. Bahl’s The Quintillion Media, is said to be tying up with Bloomberg to begin with.
Sources also indicate that this is the beginning of a partnership of sorts that will be looking at the broadcast space aggressively.
Bahl who made news with his exit from Network 18 and then the launch of his own venture, is keenly being observed for his impending move back into the broadcast space.