TV Today Network to shut down radio biz in 6 months

The TV Today Network in its board meeting on January 9 received approval from its Board of Directors to shut its radio business.

The network comprises three FM radio stations in Mumbai, Delhi and Kolkata under the frequency 104.8 FM.

The network’s radio business is expected to be closed in nearly one to six months, the company has informed the stock exchanges.
As the reason for the move, the company has said: “Given the state of industry, its dynamics and evolution of FM Radio Broadcasting business, the Board of Directors considered it in better interest of the Company to close this business instead of continuing the same.”

As per the company disclosure, the turnover of radio business in FY 2023- 24 was Rs 16.18 crore. This was 1.70% of the total turnover of TV Today Network Limited for the said year. The company’s radio business has also recorded a loss of Rs 19.53 crore for FY 2023-24.