TV18 to save 650 mln rupees annually through merger
MUMBAI (Reuters) - Network18 Media & Investments Ltd said on Friday group firm, Television Eighteen India Ltd will merge broadcast operations of two of its channels that will save 650 million rupees annually.
Both its business news channels - CNBC TV18 and CNBC Awaaz - will retain their separate identities, it said in a statement to the BSE.
(Reporting by Aniruddha Basu; Editing by Harish Nambiar)
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