industry sources inform Indiantelevision.com that Thursday marked
the last day that Reuters, which holds a 26 per cent stake in
Times Global Broadcasting, would be contributing monetarily to
Times Now's operating costs. Additionally, Reuters has already
started the process of looking for a new broadcast partner in
India, the sources say.
When asked for a response on the developments, Times Global Broadcasting
CEO Sunil Lulla stated, "We have no comment to offer."
is rife that differences over editorial direction were what ultimately
led to the parting of ways between the Times Group's broadcast
arm and Reuters but this is something that could not be independently
confirmed at the time of filing this report.