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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.