Brief by Shorts91 Newsdesk / 07:09am on 08 Apr 2024,Monday India Global
In a first-ever move, BBC transfers its Indian newsroom and publishing license to a private company formed by its former employees. Facing Indian tax scrutiny, BBC shifts operations to comply with FDI rules, limiting foreign ownership to 26%. The new entity, "Collective Newsroom," founded by four ex-BBC staff, will continue producing content for BBC's digital services in seven languages. BBC seeks 26% stake in the company. CEO Rupa Jha assures no compromise on journalism. Restructuring aims to maintain BBC's presence in India without job cuts.
