
Industry veteran Pradeep Guha has been appointed by the shareholders to act as consultant for the company in the interim.
Peter left his position as CEO of Star India to join INX Media three years ago.
Although 9XM is the number one music channel in its category in India, 9X has been struggling to attract viewers.
Besides India, INX Media channels are carried in the UK and the Middle East, and plans are underway to make available the Hindi content channels in Singapore, Hong Kong, Japan, Australia, New Zealand as well as Europe, South Africa and the USA.