Value Lens: Is Radio City owner Music Broadcast paying a premium for BIG FM network?

By Ankit Agarwal

  • 29 May 2019
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Credit: Pixabay

India’s radio industry has taken two big steps towards consolidation in less than two months. In April, HT Media Ltd acquired a majority stake in Next Mediaworks Ltd, the owner of Radio One stations. And earlier this week, Music Broadcast Ltd agreed to buy Anil Ambani-led Reliance Broadcast Network Ltd. While ......

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