Campaign India Team
Feb 16, 2015

ENIL acquires TV Today Network's radio business

TV Today has seven radio stations branded under 'Oye FM'

ENIL acquires TV Today Network's radio business
Entertainment Network India (ENIL) has entered into a non-binding memorandum of understanding with TV Today Network in relation of the acquisition of Oye FM. ENIL will purchase all seven channels under the TV Today Network banner.
 
ENIL currently operates 'Radio Mirchi' in the radio industry. 
 
The sale is subject to fulfillment of the contractual obligations (which may be agreed between the parties) and receipt of all necessary regulatory approvals including permissions from the Ministry of Information and Broadcasting, Government of India, informed a statement from TV Today.
Source:
Campaign India

Related Articles

Just Published

2 hours ago

LePub head creative, co-president departs following ...

Felipe Cury left the agency in mid-July after LePub confirmed disciplinary action.

2 hours ago

Google can keep Chrome — but must share data with ...

The tech giant scores a partial victory that concludes a five-year US legal saga, but remedies on its adtech business monopoly are also imminent in a separate case.

2 hours ago

Publicis could deliver a 'knockout punch' to rivals ...

Blog post by Forrester analyst Jay Pattisall claims Publicis Groupe, Havas, and Accenture Song could all be possible suitors for Dentsu.

2 hours ago

Dentsu CEO responds to international sale speculatio...

'We aim to rebuild our international business on our own,' Hiroshi Igarashi says, although it is considering other options.