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Day 8 of the first stage of the Phase III auctions ended with now a total of 32 rounds having occurred. Delhi still overwhelms all other cities, proving that it is the most sought after frequency in the country
Day 7 of the first stage of the Phase III auctions ended with now a total of 28 rounds having occurred. Though Delhi and Mumbai had a strong showing, news was not that good for all cities
Mumbai was supposed to be one of the most sought after frequencies, but after a week of bidding the market for the city is not really holding up to expectations. As of yesterday, it had two bids for its two frequencies, with the highest bid of around Rs 86 crore
As the first stage of the Phase III FM auctions finishes, 80 channels in 55 cities combined to give a provisional winning price of over Rs 714 crore
In Week 29 RAM ratings (July 12 to July 18) Radio City continues at first spot in Mumbai and Bangalore; in Kokata, Radio Mirchi leads the way
Day 4 of the Phase III auctions ended with a total of 16 rounds having occurred
The company's operating revenues stood at Rs 481.15 crore, up by 9.3 per cent from Rs 440.29 crore. Circulation revenues were reported at Rs 100.51 crore, up by 5.1 per cent from Rs 95.66 crore
Interest seems to be focused on just a section of the available channels with a lot of money being bid on Tier 1 and Tier II cities
As the second day of FM frequency auctions concluded yesterday, there were some cities that clearly received the most interest. We analyze the bids behind cities like Bhubaneshwar, Chennai, Pune, and Ahmedabad
Mumbai and Delhi continued to see increased interest with bid amounts crossing Rs 55 crore and Rs 48 crore respectively, while cities like Guwahati, Patna and Bangalore also saw increase in bid amount
Mumbai and Delhi showed the highest bids as the day closed with 4 rounds of bidding on the first day of the Phase III auctions
The High Court’s decision to allow Red FM to participate in the auctions could have serious implications on the ambitions of the other large network giants—Big FM, Radio Mirchi and Radio City
“From the beginning we had kept a sizeable money to be spent on these auctions. Our inclusion means a healthy competition and will benefit the entire FM radio industry and media and entertainment industry at large,” said RED FM, COO, Nisha Narayanan
As the long awaited first part of the Phase III auctions finally gets underway, it will set the stage for the overall expansion of private FM, which is expected to be worth more than Rs 2,000 crore overall
In Week 28 RAM ratings (July 5 to July 11) Radio City took first spot in Mumbai and Bangalore. In Delhi, Fever FM and in Kokata, Radio Mirchi led the way
The company had challenged the Centre's decision to keep it out of the stage III FM auction
Harrish Bhatia, CEO, MY FM, tells us that breaking even in three years will be the aim behind bidding for frequencies, explaining the science of playing songs and how listeners in Tier II and Tier III markets differ from metro listeners
Radio Mirchi has received MIB's go-ahead to acquire Oye FM's non-metro radio stations in Amritsar, Jodhpur, Patiala and Shimla
The Delhi High Court has allowed RED FM to participate in the mock Phase III auctions to be held today and tomorrow, Nisha Narayanan, COO of Red FM confirms
The suit has been filed for airing defamatory remarks against the TV Today Network Limited and its consulting editor Rajdeep Sardesai
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