FM radio business of TV Today Network has been making a loss, logging a loss of ₹19.53 crore for FY 2023-24. The segment contributed only 1.7% to the company’s overall revenue, netting ₹16.18 crore in the same period.
Indian radio broadcasting industry has been faced with growing competition from digital media streaming services and evolving listener culture, leading to most media conglomerates reassessing their stakes in traditional forms of radio formats.
Regulatory Approvals and Expected Timeline
The sale’s closure is dependent on securing compulsory approvals from the Ministry of Information and Broadcasting (MIB) and compliance with other regulatory requirements. The deal is likely to be completed in one to six months, pending the clearances required.
Financial Performance and Industry Challenges
TV Today Network’s FM radio operations have been incurring financial losses, recording a loss of ₹19.53 crore during FY 2023-24. The radio segment accounted for just 1.7% of the company’s overall revenue, earning ₹16.18 crore during the period.
India’s radio broadcasting sector has seen growing competition from digital streaming services and shifting listener trends, leading most media firms to reconsider their investments in traditional radio formats.
Industry Impact and Future Prospects
The transaction marks a broader trend in the Indian media sector, where companies focus on digital growth while shedding legacy media holdings. As Creative Channel takes over operations management, market analysts will closely watch how it intends to reposition 104.8 FM stations in major metro cities.
The deal also questions the sustainability of FM radio in India, with several networks finding it difficult to stay profitable in the face of falling ad revenues and shifting consumer habits.
For now, TV Today Network‘s departure from the FM radio arena closes an era in its broadcasting life, while the future of Creative Channel is to be determined.
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