Television

BBC mulls 20 % stake in Radio Mid-Day

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/04/22/bbc_0.jpg?itok=meNB2y5Q

NEW DELHI: Star might have backed out of the FM radio sector for the time being, but British broadcaster BBC has proposed to pick up an equity stake in Mumbai-based Radio Mid-Day that runs a FM radio station.

According to government sources, BBC Worldwide Ltds proposal envisages the British broadcaster picking up to 20 per cent equity stake in Radio Mid-Day.

The quantum of investment has not been specified in an application moved before the Foreign Investment Promotion Board (FIPB), which is examining the proposal in consultation with the nodal ministry, information and broadcasting ministry.

Radio Mid-Day, where the paid up equity capital is slightly over Rs. 590 million, operates a private FM radio station in Mumbai.The company has expressed its intention to bid for licences in other cities too during the second phase, beginning early next year.

In Radio Mid-Day, 82 per cent of the stake is held by Mid-day Multimedia, while the remaining shareholding is with a company called Ferrari Investment.

Interestingly, BBC Worldwide has obtained permission from its board of governors to invest up to £ 7 million (approx Rs 550 million) in Indias FM radio sector.

As and when government permission comes through for BBC Worldwide, it would be the second major investment in the Indian media sector.

The first joint venture is with Bennett, Coleman & Co Ltd --- publishers of The Times of India and Economic Times, apart from a host of other media ventures --- for publishing scientific and other specialty journals in India.

Another foreign player that is expected to soon throw its hat in the FM ring is Richard Branson's Virgin Radio HT Music in association with Hindustan Times. HT subsidiary Entertainment Pvt Ltd is among the companies that have indicated interest in bidding for the second round of FM licences.

The companies that have expressed interest in running private FM radio stations in 91 cities range from traditional media outfits to clothing outfits to dairy product manufacturers to consultancy firms to trading establishments.

Until now, 100 firms have shown interest in the two-stage bidding process for 338 FM frequencies across India. Quite a few companies have not yet specified the number of frequencies they would bid for as this is just a pre-qualifying round.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/19/media_0.jpg?itok=sI-DNBxj
ZEE partners with Indiantelevision.com for Media HR Summit 2019

Since inception, Indiantelevision.com has always attempted to sincerely engage with India’s media and entertainment industry in a bid to offer innovative content and broaden the scope for dialogue.

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/19/spn.jpg?itok=zZk629P_
SPN India adds Happy India HD pack to its bouquet

MUMBAI: Three months into the new TRAI tariff order regime and Sony Pictures Network has a plan to woo consumers. The broadcaster in its RIO mentioned a new ’Happy India HD’ pack. The pack costs Rs 70, which includes channels such as SET HD, Sab HD, Pal, Max HD, Max 2, Sony Wah, Mix, Sony Yay, Sony...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/19/ndtv.jpg?itok=YTYCU5WH
NDTV promoters get stay on SEBI order banning them from security market

MUMBAI: An order that was passed by the Securities and Exchange Board of India (Sebi), barring New Delhi Television (NDTV) promoters Prannoy Roy and Radhika Roy from holding managerial positions at the news television network, was stayed by the Securities Appellate Tribunal (SAT).

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/19/shameroo.jpg?itok=m9aQR8lN
ShemarooMe Recognised as the “Best Newcomer” at OTTv Mumbai 2019

MUMBAI: ShemarooMe, the one-stop destination for blockbuster Bollywood, Regional, Devotional, Classic and Kids’ content, added another feather to its cap as it received recognition of being the ‘Best Newcomer OTT’ at the 2nd edition of OTTv MUMBAI 2019’. The recognition was bestowed in the presence...

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/19/vh1.jpg?itok=6WCkBCFq
Long Live Music: Vh1 India and MTV Beats celebrate World Music Day with the first ever 24-hour Facebook Live music festival

MUMBAI: “Where words fail, music speaks”, Hans Christian Andersen’s words perfectly define the eternal importance of music that unites people across cultures and traditions. As the nation celebrates unique melodies, this World Music Day, the two pioneers of musical entertainment – Vh1 India and MTV...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/19/meg.jpg?itok=_2UlRUQe
Deep-sea thriller 'The Meg' premieres on HBO and HBO HD

Deep in the Pacific looms a prehistoric terror, awaiting an unassuming team of scientists on an undersea expedition. Join action superstars Jason Statham and Ruby Rose as they dive into director Jon Turteltaub’s adrenaline-filled sci-fi extravaganza! Stack some popcorn and gear up for ‘The Meg’...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/19/cm.jpg?itok=j6slznM0
Youth genre emerges as most benefitted in Chrome DM week 24

Youth genre has grown by 5.61 per cent in week 23 of Chrome Data Analytics and Media data. In this genre, MTV channel gained the highest OTS with 86.9 per cent in HSM excluding less than 1 lakh markets.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/19/kb.jpg?itok=JytxdREB
Kannada KBC to air on Colors Kannada starting 22 June

Viacom18 has taken over where Star India left off – the Kannada version of Kaun Banega Crorepati – Kannadada Kotyadipathi or KK will start airing on Viacom18’s flagship Kannada GEC Colors Kannada and its HD counterpart Colors Kannada HD starting Saturday 22 June.

Television TV Channels Regional
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/06/18/starworld.jpg?itok=UafkQaA4
Star World all set to premiere ‘Succession’, a show that is gonna explode

MUMBAI: Indian audiences are always on the lookout to discover the next big show that will take over the world of entertainment with a storm. To fill that void and always staying ahead of the curve, Star World has is bringing to itsaudiences Shows. That. Are. Gonna. Explode – S.T.A.G.E  This July,...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories