UTV trims costs in broadcasting arm

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In what appears to be a trend brought on by rising costs and slow advertising revenues, UTV Software Communications has decided to cut costs in their broadcasting operations.
The company has consolidated its operations for four channels - UTV Movies, World Movies, Bindass and Bindass Movies - by phasing out its Delhi operations following a "very sharp review" of their investment plans over the last 60 days. Of the above four channels, two were run from Delhi while the other two were operated from Mumbai. It has also trimmed its investments by over Rs. 2 billion to ensure that its total future investment doesn't cross Rs. 1 billion.