News Broadcasting
TV Today Q2 results: Broadcast ad revenues grow marginally
KOLKATA: TV Today Network has posted an operating revenue of Rs 176.71 crore in Q2. The company has posted a net profit of Rs 27.40 crore.
Although the operating revenue is up on a like-to-like basis, it has declined compared to the corresponding quarter last year. In Q2 FY 20, the company reported Rs 180.45 crore operating revenue.
It further reported that the net profit grew by 13.5 per cent. The media company posted a net profit of Rs 23.70 crore in the Q2 2019-20.
TV broadcasting revenue grew 0.9 per cent YoY to Rs 143. 6 crore led by strong recovery in ad spends across major verticals post the unlock along with the positivity around festive season. It posted a net revenue (in the broadcasting business) of Rs 142.28 crore in the same period in 2019.
Radio broadcasting segment witnessed a negative growth of 65.7 per cent YoY to Rs 0.95 crore. TV Today posted a net revenue (in the radio broadcasting business) of Rs 2.77 crore in Q2 2019-20.
Newspaper publishing segment witnessed a decline of 87.1 per cent YoY to rupees one crore. It posted a net revenue (in the print publishing business) of Rs 7.75 crore in Q2 2019-20.
The company has further realigned its senior management with key elevations.
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.
