The company has frozen recruitments. Its senior management has apparently volunteered to take a 20 per cent cut in salaries for the year 2009.
"Our salary costs are already far too high - higher than our counterparts in the industry. There is, you will agree, substantial flab too at NDTV " the email stated.
The travel and telephone bills are a very large part of NDTV's expenditure. A company source said the company spent nearly Rs 6 crore (Rs 60 million) a month as expenditure on taxis, which is now under the scanner.Global meltdown: Complete coverage