Govt allows Indian editions of foreign news mags with 26% FDI
Govt allows foreign news & current affairs magazines to publish local editions; 26% FDI cap stays. (18 September 2008)

Radio Mirchi hikes ad rates, eyes Rs 3 bn
Radio Mirchi targets a revenue of Rs 3 bn for FY '09; hikes ad rates by 15-20% with effect from 15 Sept. (13 September 2008)

Red FM hikes ad rates by 15-25%
Following Ram data, FM stations are hiking ad rates; Red FM to up rates by 15-25% from 1 Oct. (16 September 2008)

SC dismisses Radio Today's appeal on FM stations allotment
Cross appeals challenging Del HC ruling on decision to disqualify media firm's FM ops are dismissed. (12 September 2008)

Sun Direct receives Rs 5.8 bn funding from Astro
Sun Direct has got Rs 5.76 bn so far from Astro; Malaysian Co.had agreed to pay Rs 7.47 bn for 20%. (15 September 2008)

Sun Direct expands DTH service to North India
Pocketing 1mn Southern subscribers in 200 days, Sun Direct launches in Pun, J&K, HP, Haryana & Gujarat . (12 September 2008)

MGM enters into 5-year distribution deal with Star Den in India
MGM channel priced at Rs 6 for cable market and Rs 3 for DTH; Star Den inks 5-year distribution deal.(16 September 2008)

Star Den moves Tdsat against Dish TV
Star Den moves Tdsat against Dish TV; asks DTH operator to pay for channels as per RIO rates. (15 September 2008)

Colors acquires rights for 55 Sahara films
Colors buys two-year telecast rights for 55 Sahara films; deal is done through Baba Arts. (17 September 2008)

WWE inks licensing pact with Kids Media
WWE appoints Kids Media India as licensing partner; targets $10 mn from its consumer goods biz in India. (17 September 2008)

Starcom to launch two specialist OOH agencies
Starcom to launch specialist OOH agencies by Mar '09; to further expand Navia's presence overseas. (13 September 2008)

Star Plus to launch Nach Baliye on 10 October
Star Plus is launching 4th season of Nach Baliye on 10 October; show to air Friday to Sunday at 8 pm. (15 September 2008)

Tata Communications offers CDN service to IAHGames
Tata Communications taps Southeast Asia market; IAHGames to use Tata's content delivery network. (18 September 2008)

Fox Star Studios India to distribute 18 films in one years
Fox Star Studios to distribute in India 18 films from 20th C within 1 yr; to release in regional languages. (18 September 2008)

Mel to make Ramayana with $5 million
Mel forays into films with 3D animation film Ramayana – the Epic with an investment of $4-5 million. (12 September 2008)

Pyramid unveils first cineplex in China
Pyramid sets up Ist theatre in China and will invest $30 mn through JV firm with Longzhe Group. (17 September 2008)