TV Today Network Limited — Important, 09-01-2025: Closure of operations

The Board of Directors of T.V. Today Network Limited has approved the closure of its FM radio broadcasting operations, which include three stations across Mumbai, Delhi, and Kolkata. The shutdown is anticipated to occur within one to six months, pending regulatory approvals. The radio business had a turnover of ₹16.18 crore for FY 2023-24, accounting for just 1.70% of the total revenue, and contributed a net loss of ₹19.53 crore during the same period. The decision was driven by challenging industry dynamics and the evolution of the FM radio sector, with the Board opting for closure as a strategic move for the company's future. Investors should monitor this development closely, as it may signal a shift in the company's strategic focus.