TV18 is a 50/50 joint venture operation in India between NBCUniversal and the Network 18 Group based in Mumbai. TV18 owns and operates various channels of the NBCUniversal group for the Indian viewers. Reliance Industries has indirect control in the TV18 network by virtue of an investment of Rs 4,800 crore it made in Network18 through Independent Media Trust.
The group is going through restructuring in Aug 2013. It has laid off more than 300 employees from various channels. Web18 Software Services Ltd, or Web18, the Internet and mobile arm of TV18 group, is closing several of its web properties and cut down staff strength to 15% of existing staff.