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.
