HT Media Limited has informed the Exchange about surrender of key licenses/ regulatory approvals
HTMEDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HT Media Limited and two subsidiaries (Next Radio Limited and HT Music & Entertainment Company Limited) have decided to surrender their FM radio licenses to the Ministry of Information and Broadcasting. The affected stations include Radio Nasha (Mumbai), Radio One (Delhi, Mumbai, Bangalore), and Radio Fever (Chennai). The closures are scheduled for June 15, 2026. These radio operations generated Rs. 29.19 Crores in revenue for FY25, representing only 1.62% of consolidated revenue, while contributing a negative Rs. 172.08 Crores to net worth. The company stated the stations are financially and strategically unviable, with licenses valid until 2030-2031.
The surrender removes a loss-making division from the company's portfolio. Since the radio segment contributes minimal revenue but significant negative net worth, this could be marginally positive for shareholders as it eliminates ongoing losses. The impact on the stock is expected to be neutral given the small revenue share.