HOME > BUSINESS > FM sale turned down, TV Today hands over airtime sale to ENIL

FM sale turned down, TV Today hands over airtime sale to ENIL

oyeTV Today Network, part of India Today group, entered into a add promotion Sales Agreement with Entertainment Network India (ENIL) for managing their advertisement campaigns in their three FM stations in New Delhi, Mumbai, and Kolkata, said the company.

Following the agreement ENIL has been appointed as the agent of TVTN to facilitate sale of TVTN’s airtime to third parties who wish to advertise using TVTN’s airtime, added the company.

The announcement comes after the government of India allowed TV Today to sell its FM radio stations in Amritsar, Jodhpur, Patiala and Shimla to ENIL, but rejected similar sale agreements for its stations in Delhi, Mumbai and Kolkata.

The three applications were rejected as Entertainment Networks India Ltd (ENIL) — part of the Times of India group — already has radio licenses in those cities.

In February last year, India Today Group said it would sell its seven FM radio stations to the Times of India Group’s Entertainment Network India Ltd, which runs the Radio Mirchi chain of stations.

TV Today runs the seven FM radio stations under the Oye! 104.8 FM, Sabse Filmi brand.

ENIL is one of the biggest radio chains in the country, with its extensive Radio Mirchi network.

TV Today clarified that no company shares are being issued to any of the parties following the agreement and confirmed that TVTN does not hold any shares in ENIL.

Follow ULTRA.news
Eros International to co-produce ‘new wave’ films with Drishyam Film producer Eros International said it has tied up with Manish Mundra's Drishyam Films to co-produce four "new wave" films. Drishyam is the film maker behind titles such as Masaan, Rukh, Kadvi Hawa and Newton, India's entry to the Oscars in the Foreign Film Category this ye...
JioTV now available on PC as well JioTV, the IPTV service from Reliance Jio is now available on the open Internet as well. JioTV website Live TV channels can be watched by anyone on their PC using a Jio ID and an Internet connection. The Jio ID, however, can be set only by using a Jio phone number and ...
TV Today to merge Mail Today with itself for synergy Broadcasting company TV Today Network said it has decided to write off nearly Rs 273 cr of accumulated losses at its Mail Today newspaper business and merge it with the parent company for better synergies. TV Today Network runs one of India's most popular television network, i...
Hexaware to provide solutions from Pegasystems Inc IT services provider Hexaware Technologies said it has become a Registered Business Partner of Pegasystems Inc. Pegasystems develops software for customer relationship management (CRM) and business process management (BPM) for a variety of industries such as financial service...
Cyient joins hands with UK firm for power utility solutions Cyient, a Mumbai-based provider of engineering, geospatial and operations management services, said it has tied up with UK-based EA Technology to jointly market each others' services to power utilities. EA Technologies provides solutions to electric utilities to monitor and m...
Siemens taps HCL Tech to expand IoT cloud platform MindSphere German equipment maker Siemens has signed up IT services provider HCL Technologies to develop and expand its Internet-of-Things platform MindSphere. Mindsphere is Siemens' cloud–based open Internet of Things (IoT) operating system, and includes technology, applications, conne...
Rupa underwear brings ‘Fruit of the Loom’ to India Rupa & Company, one of India's largest knitwear manufacturers, said it is launching 'Fruit of the Loom' underwear brand in India. Fruit of the Loom, based in Kentucky, is one of the largest manufacturers and marketers underwear, T-shirts and fleece in the world. The com...
Royal Orchid Hotels inks marketing tie-up with UK’s Bespoke Hotels Royal Orchid Hotels said it had tied up with Bespoke Hotels of the UK to market each others' properties to their customers. Bespoke manages over 200 hots with 9,500 hotel rooms, 8,000 employees and £815 million of assets. "Royal Orchid now has the ability to offer its gues...
Mitashi launches 55-inch curved TV with Samsung 4K panel @Rs 80k Mitashi, the Mumbai-based electronics brand known for its value-for-money offerings, launched a 55-inch curved 4K TV with a Samsung panel at Rs 79,990 in India. The device is the cheapest such television in the Indian market. Its closest competitor is the Samsung 49Ku6300,...
Cyient ties up with US start-up to incorporate AI tech in power solution Mumbai-based IT services provider Cyient said it has signed an agreement to incorporate machine learning meter and voltage signature technology from US-based startup Elpis in its solutions for power utilities. "Through this agreement, Cyient and Elpis will jointly pursue util...
Infosys to deliver private cloud solution based on Suse Linux and Openstack IT services provider Infosys said it now offers a private cloud solution built using SUSE Linux and Openstack. The solution will make use of Openstack cloud and datacenter solutions developed by Germany-based Micro Focus SUSE. Infosys and Micro Focus SUSE have jointly inve...
L&T Technology Services to co-develop solutions with Intel unit L&T Technology Services, the engineering services arm of the construction conglomerate, will co-develop industrial solutions with Intel subsidiary Wind River, which works in the emerging domain of Internet of Things. Under the partnership L&T Technology Services will "validat...
Godrej Properties, Nirmal to co-develop huge project in Thane West Mumbai-based real estate company Godrej Properties said it has signed a joint venture agreement with Nirmal Ventures, also based in Mumbai, for developing a residential project in Thane. The project, located on the Lal Bahadur Shastri (LBS) Marg, Thane West, will be developed...
Mitashi launches cheapest curved TV in India at Rs 28k, 39-inch at Rs 40k Mitashi, the Mumbai-based brand, has launched what has to be cheapest curved TV in India -- a 32-inch model priced at Rs 28,000. It also launched a larger, 39-inch version at priced at Rs 40,000. Both are 'smart TVs'. "The big idea was to enter the as-yet unchartered territ...
Wipro opens Artificial Intelligence research facility in Israel University IT and outsourcing services provider Wipro said it will use students at Israel's largest university to jointly conduct research into artificial intelligence. The company inked an agreement with Tel Aviv University, Israel's largest institution of higher learning which is home ...
Sun Pharma selects Samsung to manufacture psoriasis drug Sun Pharma said it has inked a long-term agreement with Samsung BioLogics under which the Korean company will manufacture Tildrakizumab, a potential treatment for plaque psoriasis, for the Indian company. Plaque psoriasis is an autoimmune condition which results in patches of ...
NIV to help Sun Pharma test Zika, Dengue and Chikungunya drugs Sun Pharma announced a tie-up with National Institute of Virology (NIV) under the Indian Council of Medical Research for testing various compounds for treating rapidly spreading viral infections -- Zika, Chikungunya and Dengue. The compounds will include those sourced from pl...
Anil Ambani Group ties up with Thales for Rafale contracts Reliance Defence, the defence manufacturing arm of the Anil Ambani group, said it will form a joint venture in India with global defence manufacturer Thales to carry out some contracts related to the Rafale jet deal. The Indian company will hold 51% of the equity while the fo...
Jet Airways inks codeshare agreement with Aeromexico Jet Airways said it inked an agreement with Aeromexico, the flag carrier airline of Mexico, to explore codeshare arrangements and shared frequent flyer programs. As part of the arrangement, both carriers will code on each other’s services between India and Mexico via common ...
Arnab Goswami’s Republic TV launching this weekend Republic TV, the English-language television channel headed by journalist Arnab Goswami will go on air on several cable and DTH platforms in India starting Friday evening. Official confirmation came from Dish TV, India's oldest DTH platform, which confirmed that the channel wi...