Top Story


Home >> International >> Article

Millennium sells 50% stake of net radio for Re 1

Font Size   16
Millennium sells 50% stake of net radio for Re 1

Millenium Broadcast Company has sold its 50 per cent stake in Internet radio site called for Re 1 to The Internet radio venture was a 50:50 joint venture between Millenium Broadcast Company and As per the joint venture, provided the technology backbone, Millennium Broadcast Company provided the radio expertise.

Confirming this move, Gautam Radia, CEO, Millenium Broadcast Company, said, “ We did not want to continue with the Internet radio at this point of time. The main reason being that this venture was likely to serve Myiris’s interest better and perpetuate their brand and so in the interest of the employees and other shareholders we decided to exit.”

The employees who were with Millenium Broadcast have been given an option either to stay with or if they wish they could join Millennium Broadcast.

The initial investment by Millenium Broadcast Company in this venture was Rs 2000 by Gautam Radi himself and that of was Rs 50 lakh.


Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

For their latest campaign ‘Peeoge toh Janoge’ (English translation: you’ll buy it if you taste it), Wagh Bakri and DDB Mudra gave Sakshi a new, rustic avatar.

Dabbawalas send some extra love along with dabbas to working professional across Mumbai

The Diamond Producers Association brings to life another rare moment as part of the ‘Real is Rare. Real is a Diamond' Campaign