While major cost audits are being conducted in several television channels, news comes across that in such dismal times Rajeev Chandrashekhar is sniffing around for a deal. He has supposedly already signed a deal with Star to establish a bunch of new southern General Entertainment channels (Star Jupiter?) but more interestingly, he is sniffing around for a news channel. There has been much speculation on this front, much of that has surrounded whether it is a smart time to buy a channel and which channels (UTVi and Headlines Today are the channels in question supposedly) or not, but RC is a clever operator, I think he is planning to pick up a low rated channel for a song, and build up a credible media empire. Which is why there is also speculation that RC might buy a newspaper - Deccan Herald is the name most often dropped.
After a few weeks of doom and gloom and media executives crying that a party is over, maybe there is life left in the beast as yet. Or have the carrion eaters arrived to pick from the bone and fatten themselves up. Still, we live in interesting times and timesv will only get more interesting going forward.