Reuters pull out of deal with Times Now

According to reports, a joint venture between Reuters and Bennett, Coleman & Co Ltd in Times Global Broadcasting has come to an end.

The partnership owned and operated English news channel Times Now.

IndianTelevision reported that Thursday marked the last day that Reuters, which holds a 26 per cent stake in Times Global Broadcasting, would be contributing monetarily to Times Now’s operating costs.

At this stage it is not clear as to why the venture turned sour but rumours doing the rounds suggest editorial differences led to parting the ways for the two companies.