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India's UTV cutting costs in broadcasting


November 17, 2008 UTV Software Communications has done "a very sharp review" of its investment plans over the past 60 days and took steps to cut costs in its broadcasting division, it said in a statement on Monday. The company has also cut its total investment by over 2 billion rupees to ensure total future investment does not exceed 1 billion rupees, the statement said. Disney and UTV has already made an initial investment of 3.6 billion rupees, it added.

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