SlideShare a Scribd company logo
CNBC-TV18  BY Abhishek rane Roll no.39
CNBC-TV18INDIA'S NO 1 BUSINESS MEDIUM CNBC-TV18 is India's No.1 business medium and the undisputed leader in business news.  The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond.  CNBC-TV18 is currently available in over 30 million households in India.
CNBC-TV18  Broadcasting group Network 18 said it was merging the operations of business news channels CNBC-TV18 and CNBC Awaaz to save on costs. This move will realize  significant cost synergies  between the operations,  and about 12% permanent  positions in the company would be rendered surplus.
Effect of merger  There are 1,100 employees in the two channels, number of job losses at 132 because of this merger. Those rendered jobless by the move, which will merge the logistics and back-end operations of the two channels, are being offered an average severance payment amounting to at least three months’ salary. Some will move from direct employment to being freelancer. The firm will save around Rs65 crore a year on operational costs and interest
Network18 Network18, one of India's biggest media conglomerates, is re-organizing the business broadcast operations of TV18, a group company. The company expects to save approximately 20 per cent in annual operating costs via this restructuring. This move follows the  commitment under the TV18  rights offer to shareholders  on the repayment of more  than Rs300 crore of debt.
The savings on interest and operational costs will lead to total reduction of approximately Rs65 crore in annual costs. The restructuring would create the country's largest business news infrastructure, spread across eight business and two broadcast hubs (Mumbai and Delhi) Both moves will  help the company  return to better operating  margins and profitability.
Shares of Television Eighteen India closed at Rs 78.75 on the BSE, up 2.54 from its previous close.  annual report summery OPERATIONS During the year under review, the Company achieved a turnover of Rs. 276.91 (Previous Year Rs. 287.71 crores) and EBDIT of Rs. 98.95 (Previous Year Rs. 132.44 crores). Data from - The audited consolidated financial statements for the financial year ended March 31, 2010 form part of the Annual Report.
CNBC and TV 18 operation merger

More Related Content

What's hot

Presentation on et news3
Presentation on et news3Presentation on et news3
Presentation on et news3
Harjeet Kaur
 
News ppt
News pptNews ppt
News ppt
dimplemittal
 
What firms need from government
What firms need from governmentWhat firms need from government
What firms need from government
DeepshikhaRoy9
 
Et news (20 25 sept)
Et news (20 25 sept)Et news (20 25 sept)
Et news (20 25 sept)
Nitin Kochhar
 
Bramma August 1st week news
Bramma August 1st week newsBramma August 1st week news
Bramma August 1st week news
Akhila K Sivan
 
Weekly news
Weekly newsWeekly news
Weekly news
amrit22
 
Sunset in the morning caselet: Tata Sky
Sunset in the morning caselet: Tata SkySunset in the morning caselet: Tata Sky
Sunset in the morning caselet: Tata Sky
Ankit Gupta, FRM
 
Nandita Airtel case
Nandita Airtel caseNandita Airtel case
Nandita Airtel case
Nandita Sadani
 

What's hot (8)

Presentation on et news3
Presentation on et news3Presentation on et news3
Presentation on et news3
 
News ppt
News pptNews ppt
News ppt
 
What firms need from government
What firms need from governmentWhat firms need from government
What firms need from government
 
Et news (20 25 sept)
Et news (20 25 sept)Et news (20 25 sept)
Et news (20 25 sept)
 
Bramma August 1st week news
Bramma August 1st week newsBramma August 1st week news
Bramma August 1st week news
 
Weekly news
Weekly newsWeekly news
Weekly news
 
Sunset in the morning caselet: Tata Sky
Sunset in the morning caselet: Tata SkySunset in the morning caselet: Tata Sky
Sunset in the morning caselet: Tata Sky
 
Nandita Airtel case
Nandita Airtel caseNandita Airtel case
Nandita Airtel case
 

Viewers also liked

Social Media Case Study - CNBC Awaaz - Social Media 18
Social Media Case Study - CNBC Awaaz - Social Media 18Social Media Case Study - CNBC Awaaz - Social Media 18
Social Media Case Study - CNBC Awaaz - Social Media 18
Deepak Dubey
 
CNBC pakistan
CNBC pakistanCNBC pakistan
CNBC pakistan
Fatima Noor
 
Marketing plan - CNBC Virtual Market
Marketing plan  - CNBC Virtual MarketMarketing plan  - CNBC Virtual Market
Marketing plan - CNBC Virtual Market
hrishikesh kulkarni
 
REPORT ON INDUSTRIAL VISIT IN PARLE-G
REPORT ON INDUSTRIAL VISIT IN PARLE-GREPORT ON INDUSTRIAL VISIT IN PARLE-G
REPORT ON INDUSTRIAL VISIT IN PARLE-G
SAHADEOKAR
 
An industrial visit report
An industrial visit reportAn industrial visit report
An industrial visit report
Dede Sri
 
Future group ppt
Future group pptFuture group ppt
Future group ppt
Aaryendr
 
Hul final ppt
Hul final pptHul final ppt
Hul final ppt
Shruti Srivastava
 
A report on industrial visit to honda motors dilip
A report on industrial visit to honda motors   dilipA report on industrial visit to honda motors   dilip
A report on industrial visit to honda motors dilip
Dilip Kumar
 
Industrial Visit Report
Industrial Visit ReportIndustrial Visit Report
Industrial Visit Report
Babu Rao
 
Industrial visit report
Industrial visit reportIndustrial visit report
Industrial visit report
Sambit Biswal
 
A sample on industrial visit report for MBA students by Bilal Khan
A sample on industrial visit report for MBA students by Bilal KhanA sample on industrial visit report for MBA students by Bilal Khan
A sample on industrial visit report for MBA students by Bilal Khan
Bilal Khan
 

Viewers also liked (11)

Social Media Case Study - CNBC Awaaz - Social Media 18
Social Media Case Study - CNBC Awaaz - Social Media 18Social Media Case Study - CNBC Awaaz - Social Media 18
Social Media Case Study - CNBC Awaaz - Social Media 18
 
CNBC pakistan
CNBC pakistanCNBC pakistan
CNBC pakistan
 
Marketing plan - CNBC Virtual Market
Marketing plan  - CNBC Virtual MarketMarketing plan  - CNBC Virtual Market
Marketing plan - CNBC Virtual Market
 
REPORT ON INDUSTRIAL VISIT IN PARLE-G
REPORT ON INDUSTRIAL VISIT IN PARLE-GREPORT ON INDUSTRIAL VISIT IN PARLE-G
REPORT ON INDUSTRIAL VISIT IN PARLE-G
 
An industrial visit report
An industrial visit reportAn industrial visit report
An industrial visit report
 
Future group ppt
Future group pptFuture group ppt
Future group ppt
 
Hul final ppt
Hul final pptHul final ppt
Hul final ppt
 
A report on industrial visit to honda motors dilip
A report on industrial visit to honda motors   dilipA report on industrial visit to honda motors   dilip
A report on industrial visit to honda motors dilip
 
Industrial Visit Report
Industrial Visit ReportIndustrial Visit Report
Industrial Visit Report
 
Industrial visit report
Industrial visit reportIndustrial visit report
Industrial visit report
 
A sample on industrial visit report for MBA students by Bilal Khan
A sample on industrial visit report for MBA students by Bilal KhanA sample on industrial visit report for MBA students by Bilal Khan
A sample on industrial visit report for MBA students by Bilal Khan
 

Similar to CNBC and TV 18 operation merger

Bramma exposure 14 news
Bramma exposure 14  newsBramma exposure 14  news
Bramma exposure 14 news
Akhila K Sivan
 
Itc ltd (update) new
Itc ltd (update)   newItc ltd (update)   new
Itc ltd (update) new
AnkurShah108
 
Bramma exposure 15 news
Bramma exposure 15  newsBramma exposure 15  news
Bramma exposure 15 news
Akhila K Sivan
 
Ppt 1234842668988614 1
Ppt 1234842668988614 1Ppt 1234842668988614 1
Ppt 1234842668988614 1
GAURAVMITTAL1989
 
I Bytes Retail & Consumer Goods industry
I Bytes Retail & Consumer Goods industryI Bytes Retail & Consumer Goods industry
I Bytes Retail & Consumer Goods industry
EGBG Services
 
Weekly media update 29.01.2018
Weekly media update 29.01.2018Weekly media update 29.01.2018
Weekly media update 29.01.2018
BalmerLawrie
 
I-Bytes Manufacturing Industry
I-Bytes Manufacturing IndustryI-Bytes Manufacturing Industry
I-Bytes Manufacturing Industry
EGBG Services
 
NTPC ltd. financial, auditor, director report 2020
NTPC ltd. financial, auditor, director report 2020NTPC ltd. financial, auditor, director report 2020
NTPC ltd. financial, auditor, director report 2020
AbhishekSoni260
 
Changing Times for Television Industry
Changing Times for Television IndustryChanging Times for Television Industry
Changing Times for Television Industry
Tahseen Shaukat
 
Bramma august 2nd week news
Bramma august 2nd week newsBramma august 2nd week news
Bramma august 2nd week news
Akhila K Sivan
 
tcs anual report analysis
tcs anual report analysistcs anual report analysis
tcs anual report analysis
Viʞaƨh ʞumar
 
Cognizant top bosses get hefty compensation
Cognizant top bosses get hefty compensationCognizant top bosses get hefty compensation
Cognizant top bosses get hefty compensation
Saxbee Consultants
 
Ch Telecom Ar09 1
Ch Telecom Ar09 1Ch Telecom Ar09 1
Ch Telecom Ar09 1
RachelChoi
 
Q2 investor deck final
Q2 investor deck finalQ2 investor deck final
Q2 investor deck final
ADAESIR
 
Bramma Exposure 4
Bramma Exposure 4Bramma Exposure 4
Bramma Exposure 4
Akhila K Sivan
 
Aditya birla minacs worldwide limited
Aditya birla minacs worldwide limitedAditya birla minacs worldwide limited
Aditya birla minacs worldwide limited
Dr. Trilok Kumar Jain
 
Union Budget 2019: How it Impacts Businesses of all Scales
Union Budget 2019: How it Impacts Businesses of all ScalesUnion Budget 2019: How it Impacts Businesses of all Scales
Union Budget 2019: How it Impacts Businesses of all Scales
Likhil Sukumaran
 
Weekly newsletter
Weekly newsletterWeekly newsletter
Boom logistics 2015
Boom logistics 2015Boom logistics 2015
Boom logistics 2015
Ankit Lahoti
 
I-Bytes Energy Industry
I-Bytes Energy IndustryI-Bytes Energy Industry
I-Bytes Energy Industry
EGBG Services
 

Similar to CNBC and TV 18 operation merger (20)

Bramma exposure 14 news
Bramma exposure 14  newsBramma exposure 14  news
Bramma exposure 14 news
 
Itc ltd (update) new
Itc ltd (update)   newItc ltd (update)   new
Itc ltd (update) new
 
Bramma exposure 15 news
Bramma exposure 15  newsBramma exposure 15  news
Bramma exposure 15 news
 
Ppt 1234842668988614 1
Ppt 1234842668988614 1Ppt 1234842668988614 1
Ppt 1234842668988614 1
 
I Bytes Retail & Consumer Goods industry
I Bytes Retail & Consumer Goods industryI Bytes Retail & Consumer Goods industry
I Bytes Retail & Consumer Goods industry
 
Weekly media update 29.01.2018
Weekly media update 29.01.2018Weekly media update 29.01.2018
Weekly media update 29.01.2018
 
I-Bytes Manufacturing Industry
I-Bytes Manufacturing IndustryI-Bytes Manufacturing Industry
I-Bytes Manufacturing Industry
 
NTPC ltd. financial, auditor, director report 2020
NTPC ltd. financial, auditor, director report 2020NTPC ltd. financial, auditor, director report 2020
NTPC ltd. financial, auditor, director report 2020
 
Changing Times for Television Industry
Changing Times for Television IndustryChanging Times for Television Industry
Changing Times for Television Industry
 
Bramma august 2nd week news
Bramma august 2nd week newsBramma august 2nd week news
Bramma august 2nd week news
 
tcs anual report analysis
tcs anual report analysistcs anual report analysis
tcs anual report analysis
 
Cognizant top bosses get hefty compensation
Cognizant top bosses get hefty compensationCognizant top bosses get hefty compensation
Cognizant top bosses get hefty compensation
 
Ch Telecom Ar09 1
Ch Telecom Ar09 1Ch Telecom Ar09 1
Ch Telecom Ar09 1
 
Q2 investor deck final
Q2 investor deck finalQ2 investor deck final
Q2 investor deck final
 
Bramma Exposure 4
Bramma Exposure 4Bramma Exposure 4
Bramma Exposure 4
 
Aditya birla minacs worldwide limited
Aditya birla minacs worldwide limitedAditya birla minacs worldwide limited
Aditya birla minacs worldwide limited
 
Union Budget 2019: How it Impacts Businesses of all Scales
Union Budget 2019: How it Impacts Businesses of all ScalesUnion Budget 2019: How it Impacts Businesses of all Scales
Union Budget 2019: How it Impacts Businesses of all Scales
 
Weekly newsletter
Weekly newsletterWeekly newsletter
Weekly newsletter
 
Boom logistics 2015
Boom logistics 2015Boom logistics 2015
Boom logistics 2015
 
I-Bytes Energy Industry
I-Bytes Energy IndustryI-Bytes Energy Industry
I-Bytes Energy Industry
 

More from abhishek rane

new business plan development
new business plan development new business plan development
new business plan development
abhishek rane
 
Money market & its instruments
Money market & its instrumentsMoney market & its instruments
Money market & its instruments
abhishek rane
 
Portfolio theory-sharpe-index-model 1
Portfolio theory-sharpe-index-model 1Portfolio theory-sharpe-index-model 1
Portfolio theory-sharpe-index-model 1
abhishek rane
 
Apple inc poter five force
Apple inc poter five forceApple inc poter five force
Apple inc poter five force
abhishek rane
 
Money market
Money marketMoney market
Money market
abhishek rane
 
Corporet social responciblity
Corporet social responciblity Corporet social responciblity
Corporet social responciblity
abhishek rane
 
Analysis of financial statements textile industry raymond ltd
Analysis of financial statements textile industry raymond ltdAnalysis of financial statements textile industry raymond ltd
Analysis of financial statements textile industry raymond ltd
abhishek rane
 
Spurious goods
Spurious goodsSpurious goods
Spurious goods
abhishek rane
 
finance management
finance managementfinance management
finance management
abhishek rane
 
summer internship project report on union bank of india
summer internship project report on union bank of indiasummer internship project report on union bank of india
summer internship project report on union bank of india
abhishek rane
 
Book review firms of endearment how world class companies profit from passion...
Book review firms of endearment how world class companies profit from passion...Book review firms of endearment how world class companies profit from passion...
Book review firms of endearment how world class companies profit from passion...
abhishek rane
 
Sbi icici ratio analysis
Sbi icici ratio analysisSbi icici ratio analysis
Sbi icici ratio analysis
abhishek rane
 
Presentation telephone, waired and wireless communication
Presentation telephone, waired and wireless communicationPresentation telephone, waired and wireless communication
Presentation telephone, waired and wireless communication
abhishek rane
 
Fainal budget 2011 ppt
Fainal budget 2011 pptFainal budget 2011 ppt
Fainal budget 2011 ppt
abhishek rane
 

More from abhishek rane (14)

new business plan development
new business plan development new business plan development
new business plan development
 
Money market & its instruments
Money market & its instrumentsMoney market & its instruments
Money market & its instruments
 
Portfolio theory-sharpe-index-model 1
Portfolio theory-sharpe-index-model 1Portfolio theory-sharpe-index-model 1
Portfolio theory-sharpe-index-model 1
 
Apple inc poter five force
Apple inc poter five forceApple inc poter five force
Apple inc poter five force
 
Money market
Money marketMoney market
Money market
 
Corporet social responciblity
Corporet social responciblity Corporet social responciblity
Corporet social responciblity
 
Analysis of financial statements textile industry raymond ltd
Analysis of financial statements textile industry raymond ltdAnalysis of financial statements textile industry raymond ltd
Analysis of financial statements textile industry raymond ltd
 
Spurious goods
Spurious goodsSpurious goods
Spurious goods
 
finance management
finance managementfinance management
finance management
 
summer internship project report on union bank of india
summer internship project report on union bank of indiasummer internship project report on union bank of india
summer internship project report on union bank of india
 
Book review firms of endearment how world class companies profit from passion...
Book review firms of endearment how world class companies profit from passion...Book review firms of endearment how world class companies profit from passion...
Book review firms of endearment how world class companies profit from passion...
 
Sbi icici ratio analysis
Sbi icici ratio analysisSbi icici ratio analysis
Sbi icici ratio analysis
 
Presentation telephone, waired and wireless communication
Presentation telephone, waired and wireless communicationPresentation telephone, waired and wireless communication
Presentation telephone, waired and wireless communication
 
Fainal budget 2011 ppt
Fainal budget 2011 pptFainal budget 2011 ppt
Fainal budget 2011 ppt
 

Recently uploaded

WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller CoasterWhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
muslimdavidovich670
 
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
Price Vision
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Vighnesh Shashtri
 
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Godwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataThe Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
Champak Jhagmag
 
Instant Issue Debit Cards
Instant Issue Debit CardsInstant Issue Debit Cards
Instant Issue Debit Cards
egoetzinger
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
EasyReports
 
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership NetworksSeminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
GRAPE
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
hiddenlevers
 
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfBONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
coingabbar
 
Role of Information Technology in Revenue - Prof Oyedokun.pptx
Role of Information Technology in Revenue  - Prof Oyedokun.pptxRole of Information Technology in Revenue  - Prof Oyedokun.pptx
Role of Information Technology in Revenue - Prof Oyedokun.pptx
Godwin Emmanuel Oyedokun MBA MSc PhD FCA FCTI FCNA CFE FFAR
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
VishnuVenugopal84
 
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Vighnesh Shashtri
 
Financial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptxFinancial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptx
Writo-Finance
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
Lawrence101
 
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
University of Calabria
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
mayaclinic18
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Henry Tapper
 

Recently uploaded (20)

WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller CoasterWhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
WhatsPump Thriving in the Whirlwind of Biden’s Crypto Roller Coaster
 
Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...
 
Who Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdfWho Is the Largest Producer of Soybean in India Now.pdf
Who Is the Largest Producer of Soybean in India Now.pdf
 
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
 
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
Tax System, Behaviour, Justice, and Voluntary Compliance Culture in Nigeria -...
 
Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...Does teamwork really matter? Looking beyond the job posting to understand lab...
Does teamwork really matter? Looking beyond the job posting to understand lab...
 
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataThe Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic Data
 
Instant Issue Debit Cards
Instant Issue Debit CardsInstant Issue Debit Cards
Instant Issue Debit Cards
 
5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports5 Tips for Creating Standard Financial Reports
5 Tips for Creating Standard Financial Reports
 
Seminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership NetworksSeminar: Gender Board Diversity through Ownership Networks
Seminar: Gender Board Diversity through Ownership Networks
 
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptxOAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
OAT_RI_Ep20 WeighingTheRisks_May24_Trade Wars.pptx
 
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfBONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdf
 
Role of Information Technology in Revenue - Prof Oyedokun.pptx
Role of Information Technology in Revenue  - Prof Oyedokun.pptxRole of Information Technology in Revenue  - Prof Oyedokun.pptx
Role of Information Technology in Revenue - Prof Oyedokun.pptx
 
Introduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.pptIntroduction to Value Added Tax System.ppt
Introduction to Value Added Tax System.ppt
 
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...
 
Financial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptxFinancial Assets: Debit vs Equity Securities.pptx
Financial Assets: Debit vs Equity Securities.pptx
 
1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine1.2 Business Ideas Business Ideas Busine
1.2 Business Ideas Business Ideas Busine
 
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...Eco-Innovations and Firm Heterogeneity.Evidence from Italian Family and Nonf...
Eco-Innovations and Firm Heterogeneity. Evidence from Italian Family and Nonf...
 
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
^%$Zone1:+971)581248768’][* Legit & Safe #Abortion #Pills #For #Sale In #Duba...
 
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdfTumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
Tumelo-deep-dive-into-pass-through-voting-Feb23 (1).pdf
 

CNBC and TV 18 operation merger

  • 1.
  • 2. CNBC-TV18 BY Abhishek rane Roll no.39
  • 3. CNBC-TV18INDIA'S NO 1 BUSINESS MEDIUM CNBC-TV18 is India's No.1 business medium and the undisputed leader in business news. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 is currently available in over 30 million households in India.
  • 4. CNBC-TV18 Broadcasting group Network 18 said it was merging the operations of business news channels CNBC-TV18 and CNBC Awaaz to save on costs. This move will realize significant cost synergies between the operations, and about 12% permanent positions in the company would be rendered surplus.
  • 5. Effect of merger There are 1,100 employees in the two channels, number of job losses at 132 because of this merger. Those rendered jobless by the move, which will merge the logistics and back-end operations of the two channels, are being offered an average severance payment amounting to at least three months’ salary. Some will move from direct employment to being freelancer. The firm will save around Rs65 crore a year on operational costs and interest
  • 6. Network18 Network18, one of India's biggest media conglomerates, is re-organizing the business broadcast operations of TV18, a group company. The company expects to save approximately 20 per cent in annual operating costs via this restructuring. This move follows the commitment under the TV18 rights offer to shareholders on the repayment of more than Rs300 crore of debt.
  • 7. The savings on interest and operational costs will lead to total reduction of approximately Rs65 crore in annual costs. The restructuring would create the country's largest business news infrastructure, spread across eight business and two broadcast hubs (Mumbai and Delhi) Both moves will help the company return to better operating margins and profitability.
  • 8. Shares of Television Eighteen India closed at Rs 78.75 on the BSE, up 2.54 from its previous close. annual report summery OPERATIONS During the year under review, the Company achieved a turnover of Rs. 276.91 (Previous Year Rs. 287.71 crores) and EBDIT of Rs. 98.95 (Previous Year Rs. 132.44 crores). Data from - The audited consolidated financial statements for the financial year ended March 31, 2010 form part of the Annual Report.