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NDTV plans cost cutting

BS Reporter in New Delhi | January 12, 2009 13:22 IST

In an e-mail to employees, NDTV promoters Radhika and Prannoy Roy said the company needed to cut flab and control costs. "�this is the time to streamline our operations, excise any flab that the system may have gained in the boom times and return to being a lean, tough, strong, efficient and compassionate organisation," they said.

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.

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