TV Today Network has signed an MOU to sell its FM radio broadcasting business to Creative Channel Advertising and Marketing for Rs 20 crore, as part of a strategic initiative to divest from a loss-making segment.
Target Information
TV Today Network has entered into a Memorandum of Understanding (MOU) with Creative Channel Advertising and Marketing for the potential sale of its FM radio broadcasting business. This business operates three FM radio stations located in Mumbai, Delhi, and Kolkata, all broadcasting on the frequency of 104.8 FM. The sale is viewed as a strategic move for TV Today Network, responding to the ongoing challenges faced by the FM radio segment.
Industry Overview
The FM radio industry in India has been witnessing a dynamic evolution, driven by technological advancements and changing audience preferences. In recent years, there has been a shift towards digital media consumption, impacting traditional radio listenership. Despite these challenges, FM radio remains a vital medium for local advertising and entertainment, offering an unmatched platform for regional content.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
In fiscal year 2023-24, the overall turnover of TV Today Network's radio operations was approximately Rs 16.18 crore, representing a modest 1.70% of the company's total revenue. However, the radio segme
Similar Deals
Carlyle → Highway Industries Limited and Roop Automotives Limited
2025
Creative Channel Advertising and Marketing
invested in
FM Radio Broadcasting Operations of TV Today Network
in 2026
in a Buyout deal
Disclosed details
Transaction Size: $2M
Revenue: $2M