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Print/Radio

I&B minister Venkaiah Naidu will have to take a call on Sun Group ahead of FM radio auctions

Venkaiah-Naidu-main

A week before the FM radio auctions begin next month, the new I&B minister Venkaiah Naidu will have to take an opinion on the Sun Group, which runs radio stations since 2002.

FM radio firms need FIPB nod for 49% foreign investment

MIB

FM radio broadcasters can have foreign investments up to 49% at the time of application for Phase III and currency of licence, the MIB has clarified.

Mathrubhumi Group launches its first overseas FM radio station in UAE

Club FM, the radio division of the Mathrubhumi Group, has launched its fifth radio station—and the first overseas—in the UAE.

Govt considering raising FDI in print media to 49%

FDI

Finally, good news could be awaiting foreign print media companies who want to invest in India as a significant 49% minority partner. Given the allowed limit on FDI in TV news media at 49%, there seemed to be no reason for capping print editions of newspapers and periodicals at 26%.

Swamy urges Centre to appeal HC ruling allowing Sun TV entry to radio auction

Subramanian Swamy has written to Union Home Minister Rajnath Singh urging the Centre to appeal against a recent Madras High Court judgment allowing the Sun TV Group to participate in the FM radio auction.

IDBI sale of Deccan Chronicle trademarks finds no takers

deccan-chronicle-main-logo

IDBI’s attempt to auction the trademarks of Deccan Chronicle, The Asian Age, Andhra Bhoomi and Financial Chronicle failed to find any takers yet again.

HT Media forms JV with Minute Media for football portal in India

The parent of football content sites 90min and 12up is bringing its contributor-driven sports media platform to India in a JV with HT Media.

HT Media acquires majority stake in Singapore-based football content firm

HT Media has acquired 50.5% stake in Singapore-based Sports Asia, which has been authorised to operate a website, mobile web platform, mobile and tablet app, as well as social media and messaging app providing football content.

Red FM’s new station Radio Redtro debuts in Mumbai

Red FM’s new station Radio Redtro 106.Chaar has debuted in Mumbai, becoming the first radio station to be introduced after the newly acquired Phase III licences by the company.

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.