MUMBAI: In what seems like a bolt from the blue, English business news channel BTVi on Saturday informed its employees of the company’s decision to abruptly ‘suspend transmission on broadcast platforms’ from midnight (31 August).

“Over the next few days, we will communicate the future steps towards a smooth transition of our operations,” further read the HR’s communique.

It now remains to be seen whether BTVi, owned by Anil Ambani’s Reliance ADAG, changes hands in terms of ownership or ceases to exist in all forms including digital.

The news of BTVi shutting shop comes on the back of major financial troubles for its promoter as well as a churn in news media.

In the last few months, several organisations have either suspended operations like Kapil Sibal-promoted Tiranga TV and India Today-owned opinion website DailyO or scaling down on resources like Scroll.