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Print/Radio

MIB sets the ball rolling for auction of 266 FM radio channels in 92 cities

At Rs 18 crore, Hyderabad has the highest reserve price per channel. As many as 12 cities have a reserve price of Rs 7.02 crore. Dehradun, Muzaffarnagar, Saharanpur and Shahjahanpur carry a reserve price of Rs 1.6 crore each.

Radio City to air live multi-city radio music concerts from 17 June

Radio City 91.1 FM will air a series of live radio music concerts called ‘Gig City’ from 17 June.

Madras HC dismisses MIB order retraining Sun TV’s FM radio stations from migrating to Phase III

The order paves the way for Sun TV and its group companies to participate in the Phase III FM radio auctions in Chennai, Coimbatore, Tirunelveli and Visakhapatnam.

MIB frames new policy for issuing ads in print media

MIB has framed a new print media advertisement policy for the DAVP with the objective to promote transparency and accountability in issuing ads in print media.

Online fashion firm Koovs issues shares to HT Media

Koovs

Koovs Plc said Wednesday it has issued 12 mn shares to HT Media for £3 mn. HT Media will hold 8.31% stake in online fashion retailer Koovs.

Jagran’s revenue crosses Rs 2,000 crore mark in FY16; Q4 net at Rs 80 cr

Jagran Prakashan reported a consolidated net profit of Rs 80.19 crore in Q4, down from Rs 129.66 crore in the prior-year quarter.

DB Corp’s My FM enters Rs 100 cr club in FY16

My-fm-94.3-main

After being the only radio station to break-even in the shortest span of 3 years and turning PAT positive in less than 5 years of operation, crossing Rs 100 crore is another landmark for us,” said My FM CEO Harrish Bhatia.

HT Media Q4 net impacted due to higher interest payment

Ad revenue grew 8.5% to Rs 496.7 crore mostly due to an increase in advertising volumes while circulation revenue rose 6.4% to Rs 75.7 crore.

Radio Mirchi launches online ghazal radio station

With the launch of Mirchi Mehfil, Radio Mirchi has taken its offering in the online radio space to 15 different genre-based radio stations, which can all be consumed on Gaana.

DB Corp’s net down 6.2% in FY16 due to forex loss and Bihar launch expense

db-corp

DB Corp’s net profit fell 6.2% to Rs 296.64 cr in FY16. This was led by Bihar launch’s preoperative expense of Rs 5.83 cr and forex loss of Rs 5.8 cr.