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Information Memorandum issued on e-auction of 135 FM Radio channels
The Ministry of Information and Broadcasting (MIB) on Thursday issued an Information Memorandum (IM) regarding the e-auction of 135 private FM radio channels in 69 cities across India.
The Ministry issued the Information Memorandum in continuation to the Centre’s approval on January 16 for the conduct of FM Phase-III auctions for the channels and migration (renewal) of Private FM Radio licences from Phase-II to Phase-III.
The issuance of the Information Memorandum is part of the process of FM Phase-III policy for the expansion of FM radio broadcasting through private agencies. It aims at attracting agencies to supplement and complement the efforts of All India Radio by operationalizing radio stations that provide programmes with local content and relevance, improving the quality of fidelity in reception and generation, encouraging local talent and generating employment.
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