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CNBC-TV18 head Anil Uniyal joins Raghav Bahl-Bloomberg venture as CEO
MUMBAI: After roping in CNBC-TV18 executive editor Menaka Doshi as managing editor, Raghav Bahl has now got on board Anil Uniyal as CEO to lead his upcoming news venture with Bloomberg as partner.
Uniyal was formerly CEO of CNBC-TV18, CNBC Awaaz and Forbes India.
Also joining Bahl’s squad is CNBC-TV18 deputy national news editor Sajeet Manghat, whose designation is national news editor.
While the business news portal BloombergQuint.com will roll out in about two months, the company is in the process of putting together a team. The television channel will come up later.
On 6 April, both Doshi and Manghat put out a word on Twitter seeking analysts for their newsroom. “Need analyst/senior analyst for BloombergQuint for eq research. Ability to write, present for digital, multimedia/TV. Mail @email@example.com,” read the tweet.
BloombergQuint is a joint venture between Bahl’s Quintillion Media and New York-based Bloomberg LP. The JV will provide business news and market analysis on multimedia platforms including broadcast.
“We are working towards creating an integrated news set-up. We will first launch BloombergQuint.com. Meanwhile, the company is in the process of acquiring a broadcast licence, which should take about 6–8 months,” said a person familiar with the development.
In January, Bloomberg announced it would terminate its contract with Anil Ambani-led Business Broadcast News (BBN) for its business news channel Bloomberg TV. The contract was to conclude on 31 March 2016. However, the two media companies decided to extend their association for another three months, as reported by TelevisonPost.com earlier.
“The idea was to keep the Bloomberg brand alive until BloombergQuint launches, for the purpose of brand recall. In addition, Bloomberg’s agreement with BBN is restricted to the TV broadcast space only. We are free to use the brand name [Bloomberg] for the portal and new media platforms,” added the person.
As reported earlier by TelevisionPost.com, the Bloomberg–Quint JV is said to be a 74:26 partnership, with Bahl owning 74% share. The partners will together invest Rs 100 crore (Rs 1 billion).
As of now, Quintillion Media runs a news portal, thequint.com, which is more than a year old.