Times Group to buy 4 FM radio stations of India Today Group
Entertainment Network India (ENIL) operated by The Times Group has got approval from Information and Broadcasting (I&B) Ministry to acquire India Today Groups four FM radio station. Thus it will acquire the Oye radio stations business own by India Today Group in Jodhpur, Amritsar, Shimla and Patiala. Earlier this similar deal was rejected by I&B ministry on ground that it violates FM radio guidelines and thus the said deal was held after fulfilment of conditions specified by the Ministry.
It should be noted that ENIL owns and operates Radio Mirchi FM channel, whereas TV Today operates ‘Oye’ Radio station which was launched in 2010 in seven cities, while former has presence in 32 cities across India.
Month: Current Affairs - July, 2015