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


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

Shaan Raza, Deputy Managing Director, Optimise, spoke to exchange4media about their journey since inception and their new technology, TrackingX, which they are planning to launch in India by February...

Meanwhile, Radio City and Radio Mirchi ruled Bangalore and Kolkata respectively

The Indian out-of-home advertising company selects Edge1's ERP software platform to automate their OOH business