Prakash Javadekar, the Union I&B Minister, has announced that 118 new Community Radio Stations (CRS) are in the process of being set-up. He added that approved list of applicants having been granted Letter of Intent for setting up CRS includes 16 from Left Wing Extremism (LWE) affected districts, 6 from most LWE affected districts, 25 from coastal districts, 17 from Aspirational Districts, 3 from North-East and 2 from Jammu and Kashmir.
Bennett Coleman & Company Ltd (BCCL), India’s leading media group, has acquired 1.18% shares worth over Rs 241 crore in Future Retail through open market transactions. It bought a total of over 59.40 lakh shares in Future Retail at an average price of Rs 406, amounting to a total of Rs 241.18 crore.
As per a media report citing a confidential report, the digital transaction leader Paytm has faced a massive loss which has almost tripled to Rs. 4217 crores. This is till 31 March 2019. Paytm’s loss widened to Rs. 4,217.20 crore in the year ended 31 March from Rs. 1,604.34 crore in the year-ago period.
While speaking on the sidelines of Sony Sab’s new show launch, Sony Pictures Networks India (SPNI) MD and CEO NP Singh also spoke on TRAI’s new tariff order and said that his network has seen a huge uptake of channels on a la carte basis as well. He added that other genres apart from Hindi GECs have also seen offtake of channels on a la carte basis.
Sony Pictures Networks India (SPNI) has now tweaked its policies to be gender-neutral workplace. The media company will extend medical benefits and insurance coverage for declared partners. According to the new amendment, there is a shift from maternity/ paternity policies to common parental policies and an expansion to the definitions of primary and secondary caregivers.
The broadcasting industry, especially small broadcasters are not happy over the new tariff order. As now, the Telecom Regulatory Authority of India (TRAI) came out with yet another consultation paper reviewing the order, seeking more fundamental changes in channel pricing and bouquet formation, they are tense that it will affect their already stressed business.
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