News Radio Mirchi gets govt nod to acquire Oye FM’s non-metro stations

Deepu

Deepu

EntMnt Legend
Finest Member
Entertainment Networks India Ltd (ENIL), which owns and operates Radio Mirchi, has got approval from the Ministry of Information and Broadcasting (MIB) to acquire four out of the seven Oye FM stations owned by TV Today Network. Incidentally, Radio Mirchi does not have a presence in these cities. The stations are Amritsar, Jodhpur, Patiala and Shimla. However, MIB has not given ENIL the permission to acquire TV Today Network’s radio stations in Delhi, Mumbai and Kolkata. These three cities have an overlap with Radio Mirchi.

Read more at: http://www.televisionpost.com/printradio/radio-mirchi-gets-govt-nod-to-acquire-oye-fms-non-metro-stations/ | TelevisionPost.com
 
DashMajor

DashMajor

EntMnt Knight
The group, through Times Global Broadcasting, claims it broadcasts India’s most viewed English television news channel (Times Now), its second-largest business news channel (ET Now), the country’s largest cinema (Bollywood) news and lifestyle channel (Zoom) and the second most viewed television channel showing English movies (Movies Now). The group also claims it runs the largest internet network in India (after Google, Facebook and Yahoo) based on traffic and revenue, over 30 digital businesses (“most of which are among the top three in their competitive segment”), the “most popular” business-to-consumer mobile “shortcode” in India across short messaging services (SMS), voice, wireless application protocol (WAP) and USSD (unstructured supplementary service data) radio.

The Times group also claims that it runs India’s largest radio network (Radio Mirchi) in terms of revenue and number of listeners through 32 FM (frequency modulation) radio stations and the largest rock radio station in the United Kingdom.
Radio Mirchi is run by Entertainment Network India Limited (ENIL), a subsidiary of Times Infotainment Media Limited (TIML), a holding company promoted by BCCL incorporated in 1999 which, unlike its parent, has listed its shares on the Bombay Stock Exchange and the National Stock Exchange. For the quarter ending 31 March 2011, the company’s revenues grew by 34 per cent to Rs 82.2 crore, its earnings before interest, taxes, depreciation and amortization (EBITDA) more than doubled by 120 per cent to Rs 32.6 crore.

http://thehoot.org/web/TheTimestheJainsandBCCL/6425-1-1-4-true.html
 
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