News Broadcasting
NDTV Profit to be shut down, to move business & finance segments on NDTV 24×7
MUMBAI: Its woes don’t seem to be going away. Tax litigation, mounting losses, viewership decline, however, don’t seem to be flagging the spirit at the Prannoy Roy-helmed NDTV. The show must go on is the motto. And to keep it going, the news network has announced plans that it will trim costs by shutting down its English business news channel NDTV Profit, come 5 June.
In a statement to the BSE, NDTV stated: NDTV has decided to transfer its business programming from Profit to regular business and finance segments on NDTV 24×7. This will mean suspending the current trading hours programming on Profit while Prime will continue as a channel.
The statement further read: “NDTV does not rule out reviving a business channel when the circumstances were appropriate. “For now, there will be high quality business and finance segments on NDTV 24×7 which will enhance viewer experience on NDTV 24×7 during daytime trading hours,” the company stated added.
NDTV, in a separate earlier communique to the BSE, stated that it has approved sale of stake in NDTV Ethnic Retail held by units — NDTV Lifestyle Holdings, NDTV Convergence, NDTV Worldwide.
In the note, it says: “This is to inform you that the Board of Directors of the Company (NDTV), at its meeting held on 5 May, 201 7, inter-alia, considered and approved the following:
Subject to the approval of the shareholders of the Company to be obtained through passing of special resolution(s), sale/disposal of the entire equity stake owned and held by NDTV Lifestyle Holdings Limited, NDTV Convergence Limited and NDTV Worldwide Limited, each a material subsidiary of the Company in NDTV Ethnic Retail Limited, another material subsidiary of the Company, constituting approx. 99.92% of the total issued, subscribed and paid-up equity share capital of Ethnic, for INR 3.6518 per equity share to Nameh Hotels & Resorts Private Limited , a company incorporated in India under the provisions of the Companies Act, 1956.
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.
