Network18 Digital, the digital content arm of Network18 and Investments Ltd, has promoted Durga Raghunath as its CEO. She is replacing Lakshmi Narasimhan, who is moving into a corporate role within the company.
"As consumer internet in India undergoes a paradigm shift, we continue to be focused on leading this change from the front. Durga is well-equipped to lead this effort for us due to her strong understanding of the digital user, products and the opportunities," said Ajay Chacko, COO, Network18.
Durga has been with Network18 since 2011, and was earlier the CEO of Firstpost.com, the group's news and opinion portal. She is credited with conceptualising and launching Firstpost.com. She has over 10 years of experience in publishing - both books and digital, and had earlier worked at the Wall Street Journal, Mint and HarperCollins in New York. She holds a MBA degree from Indian School of Business (Hyderabad) and had studied publishing at Columbia University.
Network18 Digital, earlier referred to as Web18, comprises of digital content brands and services including Moneycontrol.com, Ibnlive.com, Firstpost.com, Burrp.com and the recently-launched Firstbiz.com and News18.com. Last November, the firm had shut down its music streaming service In.com.