In a surprising move, the central government announced that FDI limit would be increased for private FM sector, among other sectors; a decision that has been welcomed by the radio sector which has been asking for an increase in foreign investment limit for years. However, many experts believe it will only be beneficial for large radio networks
HT Media’s radio business, Fever 104, has seen a change in its leadership. Harshad Jain takes over from S Keerthivasan, who had been a key part of the leadership team at HT Media. Hitherto, Jain was Senior Vice President & Head - Sales & Marketing for Airtel DTH at Bharti Airtel.
Fever 104 FM has been entertaining and engaging Dilliwalas for four years now. As a part of their anniversary, Fever 104 FM has planned an exciting line-up of musical activities to celebrate the occasion in style under the umbrella campaign - Fever Ga Ma Pa.
With Dussera being celebrated all over the country, Fever 104 FM has put together the Epic of all time – the Ramayan. Being presented as a series, the Epic has veteran actors like Naseeruddin Shah, Anupam Kher, and Om Puri lending their voice for the various characters.
HT Media more than doubled its net profit in the third quarter ended December 31, 2009 to Rs 184.2 million from Rs 78.2 million in Q3 FY09 due to sharp increase in circulation and advertising revenues. The company has demerged its Hindi business that includes daily ‘Hindustan’, magazines ‘Nandan’ and Kadambini’ during the quarter for Rs 1.4 billion and has temporarily shut down the loss making JV with BCCL, ‘Metro Now’.