TV Today Network Limited — Important, 25-02-2025: Sale or disposal

The Special Committee of Directors has approved a Memorandum of Understanding (MOU) to sell T.V. Today Network's FM Radio Broadcasting Operations, consisting of three stations in Mumbai, Delhi, and Kolkata, to Creative Channel Advertising and Marketing Pvt. Ltd. for ₹20 Crore, with the deal expected to close by January 31, 2026. The radio business generated a turnover of ₹16.18 Crore in FY 2023-24, contributing 1.70% to the company's overall turnover, though it reported losses resulting in a net worth contribution of zero. Additionally, an Advertising Sales Agreement will be established with Creative Channel to manage and sell airtime across these radio stations. The collaboration is aligned with the company's strategy to streamline operations and focus on core business segments. Investors should monitor the completion of this transaction, given its implications for revenue generation and the company's operational strategy moving forward.