News Broadcasting
11 subsidiaries to go as Zee board clears restructuring plan
In the end it went through 21 days later than initially announced but the pieces appear to be falling in place for a strategic investor to come on board. Subhash Chandra’s Zee Telefilms Ltd (ZTL), at its board meeting today, cleared a corporate restructuring proposal whereby 11 of its subsidiaries would either be merged with ZTL or wound up.
After this exercise is completed (expected to take six to eight months) there will remain only 12 companies under the ZTL umbrella. An official statement says the revised corporate structure will result in better utilisation of resources besides being simple and efficient from the point of view of compliance of tax laws, accounting and legal compliances.
The move by Zee Telefilms to further rationalise its large number of subsidiaries follows divestment of its stake last year in three subsidiaries Buddha Films LTD, Zee Sports LTD and Zee Publishing Ltd.
ZTL currently has eight wholly-owned subsidiaries in India including Patco, EL-Zee Television LTD, Siti cable, ZIML, e-Connect India, ZILS besides two regional channel companies in Dakshin Media LTD (Tamil) and Kaveri Entertainment LTD (Kannada).
Its overseas subsidiaries include Zee Multimedia Worldwide LTD British Virgin Islands (ZMWLBVI) which is the holding company of ZMWL Mauritius and others. ZTL holds 50 per cent stake each in Winterhealth Company LTD which is the holding company for Asia Today Ltd.
Other ZTL subsidiaries functioning abroad include Expand Fast Holding BVI (which is the broadcasting company for Zee Music, Alpha and English channels) and Zee Multimedia Worldwide, Mauritius.
Companies proposed to be wound up:
1. E-Connect India Ltd
2. Programme Asia Trading Company Ltd
3. Elzee Television Ltd
4. Kaveri Entertainment Ltd
5. Dakshin Media Ltd
6. Winterhealth Company Ltd, Mauritius
7. Hokushan Trading Ltd, Hong Kong
8. Expand Fast Holdings Ltd, BVI
9. Zee Multimedia Worldwide Ltd, BVI
10. Asia TV, USA
11. Zee TV SA (Proprietary) Ltd South Africa
News Broadcasting
BBC to cut up to 2,000 jobs in biggest overhaul in 15 years
Cost pressures and leadership change drive major workforce reduction plan
LONDON: BBC has unveiled plans to cut up to 2,000 jobs, roughly 10 per cent of its global workforce, in what marks its biggest downsizing in 15 years.
The announcement was made during an all-staff meeting led by interim director-general Rhodri Talfan Davies, as the broadcaster moves to tackle mounting financial pressures and reshape its operations.
Between 1,800 and 2,000 roles are expected to be eliminated from a workforce of around 21,500. The cuts form part of a broader plan to save £500 million over the next two years, aimed at offsetting rising costs, stagnating licence fee income and weaker commercial revenues.
In a communication to staff, BBC interim director-general Rhodri Talfan Davies said, “I know this creates real uncertainty, but we wanted to be open about the challenge,” acknowledging the impact the move would have across the organisation.
The restructuring comes at a time of leadership transition. Former director-general Tim Davie stepped down earlier this month, with Matt Brittin, a former Google executive, set to take over the role on May 18, 2026.
While some cost-cutting measures are being implemented immediately, the majority of the structural changes are expected to roll out over the next few years, with full savings targeted by the 2027–2028 financial year.
The broadcaster had earlier signalled its intent to reduce its cost base by around 10 per cent over a three-year period, warning of “difficult choices” as it adapts to shifting economic realities and audience expectations.
With operating costs hovering around £6 billion annually, the BBC’s latest move underscores the scale of the financial challenge it faces, as it balances public service commitments with the need for long-term sustainability in an increasingly competitive media landscape.
