News Broadcasting
Reliance revamps Bloomberg TV as Business Television India
MUMBAI: After Bloomberg ended a seven year old tie -up with the Anil Ambani led Reliance group, it is now all set to rebrand its business news channel Bloomberg TV which is run by Business Broadcast News Private Limited. The channel will be renamed as Business Television India (BTVIn) early next month, reported a daily newspaper. It has signed an agreement for data feed with Thomson Reuters Corp.
The new website and logo will be unveiled next month. It is also reported that Reliance Capital Ltd and entrepreneur Ronnie Screwvala, among others, are shareholders in BTVIn.
According to reports, Siddharth Zarabi will continue to head the editorial operations of the channel, the company has hired Monica Tata, a former managing director of HBO India, to head the restructuring on the business side of the news operations on a project basis.
Bloomberg L.P. and Business Broadcast News decided to end their media licensing agreement in India on 31 March 2016. Both parties have mutually ended the licensing agreement and pursued their respective new business strategies. While Business Broadcast News continued to operate the TV channel with fresh branding effective 1 April, subject to regulatory approval, Bloomberg announced Raghav Bahl’s Quint as the media partner.
Bahl and Bloomberg will together invest Rs.100 crore in the venture. While, Bahl will own a 74 per cent stake, Bloomberg will have the rest. The agreement is for a 10-year period.
The Bloomberg Quint website has already gone live, while the news channel is expected to be launched later this year.
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.
