BloombergQuint, the joint venture between Raghav Bahl's Quintillion Media and Bloomberg Media Group has announced that it will be refocusing its strategy towards digital operations.
The group has decided to terminate its television division as its broadcast license remains pending.
This follows the group announcing a temporary salary cut for employees earning more than Rs 6 lakh (CTC) for the month of April to minimise financial impact of the lockdown.
A statement from the group said, "BloombergQuint has announced that it wasrefocusing its strategy towards a digital operation. BQ will be terminating its television division as its broadcast license remains pending."
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