T.V. Today Network Limited has announced the closure of its FM radio broadcasting operations under the frequency 104.8 FM in Mumbai, Delhi, and Kolkata. The decision, approved by the Board of Directors in a meeting held on January 9, 2025, comes in light of evolving industry dynamics and is expected to be implemented within the next six months, subject to regulatory approvals and compliance requirements.
Key Details:
- Turnover Impact: The FM radio business contributed ₹16.18 crore to the company’s turnover in FY2023-24, accounting for 1.7% of the total revenue.
- Financial Performance: The segment reported a loss of ₹19.53 crore during the same period.
- Reason for Closure: The company stated that the decision was made to focus on better interests given the challenging state and evolving dynamics of the FM radio broadcasting industry.
The company aims to ensure a smooth transition while adhering to all regulatory guidelines during the process.
