comprising its market broadcast and digital news outlets. Network18 has a market cap of Rs 3,145 crore as on August 16. At the end of FY’13 the company has recorded a net loss of Rs 29.9 crore on total revenue of Rs 345.5 crore.
Earlier this week, Dilip Venkatraman, CEO of CNN-IBN and IBN7, quit the company and was replaced in the interim by Ajay Chacko, COO, Network18.
*Most retrenchment is happening at CNN IBN and at IBN7, which are also the ones with largest staff strength among the channels
*The group employs about 2,000, including journalists, camera persons and production staff