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Web18 reorganises its online properties into financial and content verticals

Web18, which holds all the internet properties of Network18 Group, has reorganised its operations into two separate groups — financial and content verticals, reports ContentSutra.

Web18, which holds all the internet properties of Network18 Group, has reorganised its operations into two separate groups — financial and content verticals, reports ContentSutra.

Rishi Khiani, who had joined Web18 when his company UrbanEye Media was acquired by the Network18 group, has been appointed chief operating officer for the content vertical, including IBNLive.com, CricketNext.com, IndiWo.com, Josh18.com and the group’s yet to be launched horizontal portal In.com.

Joyson Thomas, one of the MoneyControl.com’s first employees, has been appointed COO of the financial properties, including MoneyControl.com, IndiaEarnings.com, PowerYourTrade.com, StoreGuru.com, CompareIndia.com and Mobile18.

Roshan Tamang has been appointed managing editor and VP of news, entertainment and sports. According to Web18, Varun Singh, chief technology officer of the company, will continue to head Tech2.com and BizTech2.com.

Web18 recently reported a net loss of Rs 34.29 crore for the fiscal year ended March 2008, as compared to a net loss of Rs 7.4 core recorded a year ago. However, revenues increased by 124 per cent at Rs 57.30 crore for the fiscal year 2007-08, as compared with Rs 25.58 crore reported for the March 2007 ended year.

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