Network18 has been witnessing a series of senior exits over the last two days. It is now learnt that Rajdeep Sardesai, Editor-in-Chief, IBN18 Network and Sagarika Ghose, Deputy Editor, CNN-IBN are also likely to bid adieu.
Group CEO B Sai Kumar, COO Ajay Chacko and CFO Raman Deep Singh Bawa have already put in their papers.
As is known, Reliance Industries has announced that it is taking complete control of Network18 Media & Investments, including TV18 Broadcast. In a release issued on May 29, 2014, Reliance Industries had stated that its Board has approved funding of up to Rs 4,000 crore to Independent Media Trust (IMT), of which Reliance is the sole beneficiary, for acquisition of control in Network18 Media and Investments, including its subsidiary, TV18 Broadcast.
Sardesai has over 25 years of journalistic experience in print and television. Prior to setting up the IBN channels, he was Managing Editor of both NDTV 24X7 and NDTV India and was responsible for overseeing the news policy for both the channels. He has also worked with The Times of India for six years and was City Editor of its Mumbai edition at the age of 26.
During the last 20 years, he has covered major national and international stories, specialising in national politics. He has won numerous other awards for journalistic excellence, including the Padma Shri for Journalism in 2008, the International Broadcasters Award for coverage of the 2002 Gujarat riots and the Ramnath Goenka Excellence in Journalism Award for 2007. He has won the Asian Television Award for talk show presentation and has been News Anchor of the Year at the Indian Television Academy awards for eight of the last nine years. He has been President of the Editors Guild of India and was also chosen as a Global Leader for Tomorrow by the World Economic Forum.