The move lends credence to speculations that significant changes would be made at the company that is effectively controlled by billionaire Mukesh Ambani.Speculation has also centred on the possible exit of founder and chairman Raghav Bahl, and senior editors including Rajdeep Sardesai, the editor-in-chief of CNN-IBN,according to Mint Newspaper.
In a press release, Bahl said: “It’s not easy to describe Sai’s role and contribution to the group. He has been one of the key pillars of the Network18 story... Needless to say the Network18 family and I shall miss him dearly. But there comes a time in life when one takes a heed to one’s calling and I wish Sai all the best for that.”
Network18 is one of India’s most diversified media conglomerates and has a presence in news and entertainment channels, movie production, print media, and digital (including both commerce and content).
The big news from Network18 is not what most people think it is; watch this space
— Kushan Mitra (@kushanmitra) May 28, 2014
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