NDTV Fires Around 70 Staffers !!

The Indian TV news channel New Delhi Television (NDTV) has fired several employees across the country. While some in the editorial staff say that the TV channel is shifting to MoJo (mobile Journalism), other sources said that the company is facing some ‘financial stress’.

This comes close on the heels of a very public controversy around an income tax assessment of NDTV. The Income Tax Appellate Tribunal (ITAT) recently passed a ruling on an appeal by both NDTV and the income tax authorities on what the media house calls “a case related to the investment of $150 million in 2008 by GE/NBCU”.

“The process is going on and most of us are tense about who else is on the list and could lose our jobs,” said a member of NDTV’s technical staff.