Entries open for BuzzInContent Awards 2021 - ENTER NOW- Entry Deadline Monday, November 8, 2021

Best Media Info

Editor’s Picks
Special
Interviews
Events
IRS
Misc
BuzzInContent

BloombergQuint dismantles TV division after not getting a licence to operate

The company will refocus its strategy towards digital operation, says founder Raghav Bahl

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.

Advertisement

Info@BestMediaInfo.com

Post a Comment