UTV New Media to slash more employees
UTV New Media which has sacked approximately 25 employees from IT Nation a part of the New Media segment, according to sources. “The company has sacked approximately 25 employees in the second round and may sack another 20 employees in the third phase,” confirmed an official from the company.

UTV acquired a 76% stake in IT Nation in May 2008 at Rs 15 crore to enter the digital...

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