Business

Network18 tightens the ship

There aren’t too many companies that announce resignations with a press release. Not in India, at least. This week saw an exception. On Tuesday, the media firm Viacom18 announced that its group chief executive officer of eight years, Sudhanshu Vats, is moving on from the company.

Viacom18 is a subsidiary of Reliance Industries-owned media giant Network18 Media & Investments. A joint venture between US media conglomerate Viacom Inc. and TV18 Broadcast, the television arm of Network18, it operates more than 50 television channels, three video streaming platforms and a movie production studio.


Vats’s resignation is a fascinating one, the latest in a slew of top-level exits from Viacom18 over the past 18 months or so.

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