Love Maharashtra? Then you wil love Marathikatta!
HNDUSTAN TIMES FM RADIO

Hindustan Times Radio, coming soon to a transistor near you!

Await a business daily from HT too.

BY A CORRESPONDENT

 

24 August, 2005: HT Media Ltd, which owns Hindustan Times and Hindustan is planning to launch radio station very soon. This was stated by Shobhana Bhartia, HT Media vice-chairperson. Initially, HT's FM radio services will be rolled out in Delhi and Mumbai, and may be subsequently extended to other parts of the country. 

HT may also enter into electronic media like television at a later stage. But as of now, radio is the priority. 

HT Media already has an understanding with Richard Branson's Virgin Radio (Asia) to launch a radio station in India, for which a memorandum of understanding was signed in December 2004.

The company has recently ventured into the capital market with an initial public offering (IPO) to raise approximately Rs 407 crore. Out of the proceeds of the issue, Rs 76.48 crore will be used for capital expenditure, Rs 76 crore for sales and marketing and Rs 10 crore for its FM radio business.

HT Media has already fixed a price band of Rs 445-530 for its IPO. Some of the other media entities currently listed on the stock market include Mid-Day, NDTV, Mukta Arts and Balaji Telefilms. Indian Express (Mumbai) is expected to come out with an IPO towards the end of this year.

HT is also planning to launch a business & financial daily, which will be rolled out after a study of the market. HT recently launched its Mumbai edition, barely a month ahead of DNA from Diligent Media.

BY A CORRESPONDENT

Archived media stories

Featured Media stories

Mumbai's bar girls have taken to stripping? Really?

Mangal Pandey fails to rise

Sister Furong faces Chinese wrath 

Hindustan Times Radio, coming soon to a transistor near you!

Oscar 2006 deadline for submitting documentary movies is Sept 1, 2005

Murder of truth after murder at Gateway

SABTNL to focus on content production, ropes in Divya Sharman Mehta

DNA newspaper: Review

Academy announces key events in Oscar 2006-run up

Sci-Tech applications for Oscar 2006 accepted

Next Gen launches two mags: Car India, Bike India

Mumbai, do you have light yet?

Oscar awards 2006: Changes in rules announced

Journalists are not above law

Exciting days ahead for media: PwC report  

Oscars best film in foreign language category: Academy invites 91 countries

Frankly my dear, this is gonna be a memorable quote...

 

Latest updates    Contact Us - Feedback    About Us