Radio – storyboard18

Breaking: TV Today Network to shut its radio business in next six months

In its regulatory filing, TV Today Network informed the exchanges that the turnover of Radio Business in FY 2023-24 was Rs. 16.18 Crores which is 1.70% of total turnover of T.V. Today Network Limited for the said year. The net worth contributed from Radio Business is reported to be loss of Rs. 19.53 Crores for the FY 2023-24. (Image Source: DreamDTH)

The network comprises of three FM radio stations in Mumbai, Delhi and Kolkata under the frequency 104.8 FM.

TRAI to hold OHD on 8 Jan for formulating Digital Radio Broadcast Policy

MIB has also highlighted certain issues that may be considered while formulating recommendations for digital radio broadcast policy.

Ministry of Information and Broadcasting vide its reference dated 23rd April 2024 has sought recommendations of TRAI on formulating a digital radio broadcast policy for private Radio broadcasters.

‘Light regulations’ for Radio industry will drive innovative content: Govt

Industry leaders stressed the importance of adopting proven, non-disruptive digital technologies to enhance efficiency and unlock opportunities in India’s culturally diverse market.

The government plans to roll out digital FM radio broadcasting in 13 major cities, marking a key step toward modernizing the sector.

FM Radio phase III: Govt approves one-time relaxation for provisional empanelment

Recognizing the complexity of the existing system, the MIB has taken steps to streamline regulations.

The Ministry of Information and Broadcasting is also considering extending the deadline for applications and giving more time for the e-auctions for the allotment of 730 channels across 234 uncovered cities under the third batch of FM Phase-III radio channels.

Deadline for FM Phase-III radio channel auctions extended to December 9

The original deadline for submitting applications was November 15, 2024.

Mock auctions are scheduled to take place 4-5 days after the pre-qualification, with the actual e-auctions set to begin just four days following the mock round.

MIB to conduct E-auctions for FM Radio Channels, reserve price set at Rs 784.87 Crore

Among its significant recommendations, the Committee proposed the establishment of a Media Council to oversee governance across various media formats, including print, broadcast, and digital platforms.

The ministry has now invited applications from prospective bidders who meet the eligibility criteria to submit their applications for auction participation. The deadline for application submission is November 18, 2024.

Union Cabinet approves e-auction proposal, expansion of private FM radio in 234 cities

The rollout is also expected to create new job opportunities and promote local dialects and culture, supporting the government's 'vocal for local' initiative.

This expansion is aimed at meeting the growing demand for FM radio in areas that currently do not have access to private FM broadcasting.

CBC ad rates for private FM radios revised by MIB after seven years

Maruti Suzuki India was the leading advertiser in 2024 followed by LIC of India. (Representational image by Alexey Ruban via Unsplash)

The gross base rate for FM radio advertisement will increase from Rs 52 to Rs 74 per ten seconds.