Radio City targets Mumbai FM service by April-end?

For all Indian radio FM wannabes, Mumbai is the jewel in the crown. And Radio City, the Star India-backed station, is hoping to see services being launched by April-end, industry sources indicate.

A major hold-up so far has been where to locate the FM towers. Music Broadcast Private Limited (MBPL), the company promoting Radio City, is looking for a suitable location in the centre of the city and while one or two places have been shortlisted, a final decision is still to be made, sources say.

Sumantra Dutta, Star India's head of FM operations, however, says that an official communication from the government is still awaited. According to Dutta, the government is still to issue an interim power clearance order and only after that could there be any talk of launching services.

Be that as it may, all the backend for starting operations is almost in place. Sources confirm that 10,000 square feet space in the IL&FS building at the Bandra-Kurla Complex in Mumbai has been taken up which will house Radio City. While reports say Radio City will move into the new office by early February, this could not be independently confirmed.

Dutta, meanwhile, confirmed that MBPL was re-evaluating the viability of starting FM operations in Patna and Nagpur, two of the six cities (Bangalore, Lucknow, Mumbai and Delhi being the others) for which it had secured licenses. Dutta said the depressed economic scenario that currently exists meant the yearly licence fees of Rs 47.5 million for Patna and Rs 74 million for Nagpur were too steep for any worthwhile returns on investment.

If MBPL does drop its FM plans for Patna and Nagpur, it stands to forfeit the bank guarantees it gave for securing the licenses. This is equivalent to one year's licence fees for each city.

Star India supplies content and provides sales and marketing support to MBPLs investments in radio while the venture has been promoted by the PK Mittal Group.

Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories