BloombergQuint dismantles TV division after not getting a licence to operate

BloombergQuint, a Joint Venture between Raghav Bahl’s Quintillion Media and Bloomberg Media Group, today announced that it will be terminating its television division as its broadcast licence remains pending.

BQ said in a statement that it was refocusing its strategy towards a digital operation.

"BloombergQuint will now concentrate all its resources in building upon the early success of its award-winning premium digital subscription service, BloombergQuint.com, which is a market leader in India in the business news space," the company said.

BloombergQuint recently announced temporary salary cut for April for employees above Rs 6 lakh CTC in order to minimise financial impact of nationwide lockdown.

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