English business news channel, Business Television India (BTVI) has suspended transmission as of immediate effect.

It is issued an update to the media stating, “Business Television India (BTVI) will be suspending transmission on broadcast platforms w.e.f midnight Saturday, 31st August 2019.”

The channel’s Twitter handle also posted the following message, “A heartfelt thanks to our followers and viewers. We have paused our broadcast operations and will have further announcements in due course. Watch this space. And stay with us.” The full statement is below:

The channel previously known as Bloomberg TV India has witnessed a number of changes over the years. In 2008, Bloomberg took a stake in the channel, followed later by Anil Ambani’s Reliance AGAG Group purchasing a stake in 2012. In 2016, the channel was rechristened to BTVI after the licensing between Business Broadcast News and Bloomberg LP came to an end. In January 2019, the two companies decided not to renew their licencing agreement. Recently, the channel’s future has been in left in doubt due to financial constraints and a number of employees resigning.

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