News Broadcasting
Network18 appoints Sachin Tagra as vice president – Capital18
MUMBAI: In a move to strengthen Capital18, the media investment arm of Network18, the Group has been on an aggressive hiring spree.
The company today announced the appointment of Sachin Tagra as Vice President– Capital18. Sachin will oversee media for equity investments and initiatives across all platforms within the Group and will report to Puneet Singhvi, Head – Corporate Development.
Capital18 is the Venture Capital and Media Investments division of Network18 Group focused on making investments in media, entertainment and technology ventures.
Commenting on his appointment, Tagra says, “I am excited to join Network18 Group and build the platform to invest its media assets into fast growing companies. We will focus on businesses that need long term investments to build their brands. We will work closely with entrepreneurs to drive a high RoI on their media spends and contribute in scaling up their businesses.”
Prior to joining Network18, Sachin was Associate Vice President in Brand Capital, strategic investment arm of Times Group where he focused on driving investments in early stage businesses and had set up the Incubator Capital investment model. He was also responsible for BC GSV labs business, a JV of BCCL with Global Silicon Valley, US.
Tagra is a management graduate with 18 years of prolific business experiences and deep understanding of consumer, retail and media businesses. He has driven P&Ls of large businesses and made significant contributions in various organizations from the start-up phase of the business to profitable scaling up.
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.
