iWorld
Aaj Tak’s parent company pulls plug on FM radio ventures
NEW DELHI: TV Today Network, the media house behind Aaj Tak, is ditching its wireless ambitions. The company disclosed on 25th November that it plans to sell its entire FM radio operations—three stations broadcasting on 104.8 FM in Mumbai, Delhi and Kolkata—to Abhijit Realtors & Infraventures Pvt Ltd for Rs 10 crore.
The deal, approved by a special committee of directors, will see the radio business transferred through Vibgyor Broadcasting Pvt Ltd, TV Today’s wholly-owned subsidiary. The stations generated a meagre Rs 14.16 crore in revenue last financial year—just 1.41 per cent of the group’s total turnover—whilst racking up losses of Rs 10.54 crore.
Abhijit Realtors, a property developer that dabbles in radio and entertainment, will pay half the consideration upfront when the memorandum of understanding is signed, with the remainder due within three months. The transaction requires approval from the ministry of information and broadcasting and is expected to close by 31 May 2026.
TV Today said the sale would allow it to “focus on the company’s core business areas”—a polite way of saying it’s cutting its losses. The radio business had become an expensive distraction for a firm built on television news.
For Abhijit Realtors, the acquisition offers a foothold in three of India’s largest media markets. For TV Today, it’s a swift exit from a costly experiment in frequencies that never quite found their audience.
iWorld
Netflix cuts jobs in product division amid restructuring
Layoffs hit creative studio unit as leadership and strategy shifts unfold.
MUMBAI: The streaming wars may be fought on screen, but the latest plot twist is unfolding behind the scenes. Netflix has reportedly begun laying off several dozen employees from its product division as part of an internal reorganisation, according to a report by Variety. The cuts are believed to have primarily affected the company’s creative studio unit, which works on marketing assets such as in app trailers, promotional visuals and live experience content for the streaming platform.
The company has not disclosed the exact number of employees impacted.
According to the report, the layoffs were not tied to employee performance. Instead, the restructuring eliminated certain roles while other employees were reassigned to different teams within the organisation.
The roles affected are understood to include designers, producers and creative specialists responsible for marketing and brand experience initiatives.
The job cuts come as Netflix adjusts its leadership structure and reshapes its product and creative teams. Last month, Elizabeth Stone was promoted from chief technology officer to chief product and technology officer, giving her oversight of product, engineering and data operations across the company.
Earlier, in December 2025, Netflix also appointed Martin Rose as head of creative for global brand and partnerships, a move seen as part of a broader restructuring of the company’s brand and product functions.
Despite the layoffs, Netflix remains one of the largest employers in the streaming sector. The company is estimated to employ around 16,000 people globally, with roughly 70 percent of its workforce based in the United States and Canada. In 2023, the company reported approximately 13,000 employees, indicating that its headcount had grown significantly before the latest restructuring.
The workforce changes arrive at a time when Netflix is navigating a shifting financial and strategic landscape in the global entertainment industry.
The streaming giant recently secured $2.8 billion in additional cash after receiving a breakup fee from Paramount Skydance following its withdrawal from a deal involving Warner Bros. Discovery.
Speaking to Bloomberg, Netflix co chief executive Ted Sarandos explained that the company had evaluated multiple scenarios during the negotiations but chose not to match the competing offer once it learned that a higher bid had been submitted.
Netflix had capped its offer at $27.75 per share and ultimately stepped back rather than pursue Paramount’s $111 billion acquisition deal, which included a personal guarantee.
Sarandos also cautioned that the financing structure behind the Paramount Skydance transaction could have ripple effects across the entertainment industry.
According to him, the debt heavy deal could trigger significant cost cutting, with David Ellison, chief executive of Paramount Skydance, expected to eliminate about $16 billion in costs and potentially cut thousands of jobs as part of the integration process.
For Netflix, the current restructuring appears to be part of a broader attempt to streamline operations while continuing to invest in product, technology and global content even as the streaming industry enters a new phase of consolidation and financial discipline.
