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FM firms asks for 24-week extension for licence fee payment

FM firms asks for 24-week extension for licence fee payment

Author | exchange4media News Service | Tuesday, Aug 20,2002 7:43 AM

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FM firms asks for 24-week extension for licence fee payment

Nine FM radio companies with licences to operate stations in New Delhi, Chennai and Kolkata have sent a fresh application to the information & broadcasting ministry to extend their deadline for paying the licence fee.

The private FM radio players, who were supposed to deposit the money by August 29, have asked for a 24-week extension. This is the second time the radio companies have requested an extension of deadline since July. Last month, the ministry expressed its reservations on allowing more time.

According to sources in a Mumbai-based radio company, Broadcast Engineering Consultants India Ltd (BECIL), which is setting up the joint infrastructure for the FM players, has asked for 24-weeks to complete the project.

According to sources, for the New Delhi licence alone, individual players need to deposit Rs 7 crore. For Chennai and Calcutta, the license fee is Rs 3 and Rs 1 crore, respectively. Consequently, for players planning to operate stations in all the three cities, the outgo would be Rs 11 crore.

Some of the nine players that have signed the letter are Radio Mid-Day, Radio Today, Millennium Broadcast, Sun TV and the Times group’s radio company Entertainment Network India Ltd

Tags: e4m

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