Top Story


Home >> Media - Radio >> Article

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

Font Size   16
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


Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.