News Broadcasting
TV Today Q3 net up 57.9% to Rs 136.9 million
MUMBAI: News broadcasters have posted third-quarter profitability despite revenue crawling below double digit growth. TV Today Network said Monday its net profit surged 57.87 per cent per cent to Rs 136.92 million for the quarter ended 31 December 2009, as against Rs 86.73 million in the previous year.
Income from operations saw a modest 7.80 per cent jump to Rs 703.58 million, as compared to Rs 652.66 million in the year-ago period.
The company kept a tight control on the expenditure during the quarter under review. The expenses stood at Rs 572.13 million, marginally lower then Rs 579.71 million in the corresponding quarter of FY ’09.
“Though revenues have not seen a big leap, the market is improving steadily. We are seeing positive signals from the financial and realty sectors. News channels should stand to benefit going forward,” a media analyst said.
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.
