Again and again...

Eight hundred Pounds a night suites in central London, escapades with a senior editor of a rival channel in an attempt to persuade her to join, which leads the promoters of rival channel to offer said senior editor a 'substantial' number of shares in network. Of course, and everything charged to the company. This is a really sordid tale, and I repeat, great material for television, which this blog is not. Which tonight's Indian of the Year hosted by Rajdeep TV will not be and by the way, R K Laxman is winning the award tonight according to 'reliable sources'.

UPDATE : Over at TV18, things are not as hunky-dory as they look. A large number of employees, both front-line and back-room will be able to vest their options in July and another group of people in November. Even though, according to sources there might well be another bunch of ESOP's doled out this June with the appraisals, it is 'unlikely' that several people will work out a further period of bonded labour. maybe if the markets crash in July or November, people could change their minds, but...
And the winner from such as exodus, well now that NewsX is dead and buried and though rumours abound that the NewsX crew might start another start-up and that NewsX is still on the cards in a sort of 'Janmat' style avatar headed up by a serial philanderer who liked taking mobile phone videos of girls, the big winner might well be UTV.
Watch this space.

UPDATE 2 : To underline everything, this was a release just issued. And by the way, please connect the first para to what you read below and figure out...

NewsX announces CEO departure

NewsX and its CEO Vir Sanghvi today jointly announced their decision to terminate their professional working relationship with effect from January 29, 2008.
Indrani Mukerjea, Chairperson, INX News Pvt Ltd., said, “I wish Vir well in his future endeavours. NewsX is on target for a speedy launch, and we will announce a new editorial head shortly.”
Said Vir Sanghvi, “I hope that we can now put the rumours, leaks and plants of the last fortnight behind us as we have separated in an atmosphere of goodwill and amicability.”

.......

Rumours, leaks and plants? I wonder...