Business Update15 May 2026, 04:11 pm
HT Media to Surrender Radio Licenses; Radio Revenue ₹29.19 Cr
AI Summary
HT Media Ltd and its subsidiaries, Next Radio Limited and HT Music & Entertainment Company Limited, have decided to surrender their radio licenses issued by the Ministry of Information and Broadcasting. The licenses being surrendered are for Radio 'Nasha' in Mumbai, Radio 'One' in Delhi, Mumbai, and Bangalore, and Radio 'Fever' in Chennai. The company is in the process of submitting applications for surrender. The radio business contributed ₹29.19 Crores to the company's turnover in FY25, representing 1.62% of total revenue. The closure is expected by June 15, 2026, due to the radio stations being financially and strategically unviable.
Key Highlights
- HT Media and subsidiaries to surrender radio licenses for stations in Mumbai, Delhi, Bangalore, and Chennai.
- Radio business contributed ₹29.19 Crores, or 1.62% of HT Media's total revenue in FY25.
- The radio stations are considered financially and strategically unviable.
- Closure of radio operations is expected by June 15, 2026.
- Networth of Radio Stations for FY25: ₹-172.08 Crores, constituting -10.33% of Networth.
Price Impact
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