Breaking news: Network18's business news brands to merge b'cast ops

Network18 is re-organizing the business broadcast operations of TV18, a Group company. Television Eighteen runs CNBC TV18 and CNBC AWAAZ.In a statement, the company said. "For purposes of express clarity, it is reiterated that both the channels will continue to maintain their distinct identities – only some of the over-lapping and common operations at the back-end are being merged. The company expects to optimize approximately 20% in annual operating costs via this restructuring.