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Shantonu Aditya, CEO of Bloomberg UTV (formerly UTVi), is stepping down, a person familiar with the development said. This is said to be Aditya’s last week at the company.
Aditya joined UTV Broadcasting as executive director in April 2007. He oversaw four channels–Bindass, Bindass Movies, UTV Movies and World Movies. In June 2008, when Arun Anant quit as the CEO of UTVi, Aditya took on additional responsibilities as the CEO of the business news channel.
In September, UTV hired M.K. Anand as the CEO of UTV Broadcasting to oversee the four channels. Anand was business head at Zoom prior to joining UTV. Subsequently, Aditya relinquished his responsibilities on the entertainment side of the business and continued with his duties as the CEO of Bloomberg UTV.
With his departure, our source said, Anand would take over as the CEO of the business channel as well. Aditya declined comment for this story, as did a spokesperson for UTV.
Aditya has put in 25 years in the business and is a specialist of broadcasting distribution. Prior to UTV, he was CEO of Sahara One Media and Entertainment Ltd. He has also worked as president at SET Discovery India Pvt Ltd and has also worked at Sony (NYSE: SNE) Entertainment Television.