Television

NDTV to implement 10-40% salary cut

The cost-cutting measure has been taken because of reduced ad sales.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/04/23/ndtv.jpg?itok=hWoSrLJs

MUMBAI: New Delhi Television (NDTV) has decided to implement a salary cut for employees from 1 April as a cost-cutting measure on the back of decreasing ad revenue due to the COVID-19 pandemic.

Says the BSE filing of NDTV: “The management of NDTV Group has been forced to implement a salary cut, effective 1 April, of between 10-40 per cent based on income slabs for a period of three months across its employee base.”

The group points out that it won’t implement a salary cut for those employees who earn Rs 50,000 per month or less than that. It also said that the salary deduction step for three months is subject to detailed review at the end of the period.

NDTV, in its filing, says that this measure is the result of uncertainty surrounding the recovery of the global and Indian economy. And, the falling economic situation has forced the group to undertake certain cost-cutting measures with immediate effect.

The nation-wide lockdown due to the COVID-19 situation has put all business plans on backtrack. The news channels, lately, have been facing the burden of high operating costs with no or fewer ad sales.

The News Broadcasters Association, in this regard, has urged the government to either reduce, remove or bring the goods and services tax on advertisement in line with print media. Currently, the GST on advertisement in the broadcast industry is at 18 per cent, whereas in print media it is at five per cent.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/31/imm.jpg?itok=JRn9E-2w
SWA award winners Nitin Keswani & Bhavna Vyas and the craft of comedy

MUMBAI: Writing comedy is serious business. Ask any producer – TV, film or OTT –  and he or she will tell you, finding a writer who knows how to tell the funnies in a manner that sends the audience into splits is more challenging than going bungee jumping. Just a handful of writers hold sway over...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/31/ril.jpg?itok=qHlStIkK
RIL posts strong Q2 earnings, media biz betters performance

KOLKATA: Reliance Industries Ltd (RIL) reported strong Q2 earnings on Friday. The telecom and retail business has driven the growth and the media business also bettered its performance. “We delivered strong overall operational and financial performance compared to the previous quarter with recovery...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/31/bb.jpg?itok=yoqWPBBV
Times Network's MK Anand prioritises subscription over advertising model

On day one of the News Television Summit  2020, Times Network MD and CEO MK Anand had a few words of caution to offer: monetisation by ad sales is a huge steroid that the news business is running on and which it needs to get out of. Instead, he advocated subscription.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/30/barc-india.jpg?itok=l90ZKo8v
IPL 13 scores better than IPL 12

IPL 13 was the most awaited live property of the year, especially after Covid2019 turned us all into house-bound hermits. It provided people with a much needed break from the pandemic-induced stress and negativity.

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/30/panel-scrnshot.jpg?itok=_t22rlX6
How technology has democratised news production

MUMBAI: The newsrooms of today are much evolved than what they were a decade ago. They are spending millions of dollars every year to make systems and processes more efficient so that the news churn out rate is faster and more mobile. Technology is being leveraged in unexpected ways to cater to a...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/30/yahs.jpg?itok=4Ge2HCsZ
Centre appoints Yashvardhan Kumar Sinha as new CIC

MUMBAI: Former diplomat and central information commissioner Yashvardhan Kumar Sinha has reportedly been appointed as the country’s next chief information commissioner (CIC), two months after the position fell vacant. Media reported that 155 applications were received for the post of CIC. The...

Television TV Channels People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/30/news.jpg?itok=M5HWyCmg
Primetime : News vs TRP

Major news channels in India have been criticised lately for turning primetime into a “farce”. The coverage of late actor Sushant Singh Rajput’s death has further tainted news media’s image, sparking the debate if they should relook at content.

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/29/movies.jpg?itok=WuRNfxws
Celebrate Halloween with Movies NOW and MNX’s blockbuster premieres, The Prodigy and Child’s Play

NEW DELHI: Halloween is the perfect time to grab some popcorn, huddle with your loved ones and watch some spooky movies! Indulging viewers in an exciting night of thrills and chills with back to back movies that will get you in the Halloween spirit, Movies NOW and MNX is all set to simulcast the...

Television TV Channels English Entertainment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/29/bombay-high-court-2.jpg?itok=a87wXSm9
Can media reporting hamper due course of law, asks Bombay HC

NEW DELHI: The Bombay high court has sought written submissions from all parties regarding the adverse effects of media reporting on any investigation and the court’s own jurisdiction in such cases, in the ongoing case of PIL against media trials. The case has been pushed to 6 November for further...

Television TV Channels News Broadcasting

Sign up for our Newsletter

subscribe for latest stories

* indicates required