Just yesterday was the news that BBC and leading investor Rakesh Jhunjhunwala are set to invest a combined Rs 42 crore in Radio Mid-Day West (India), the Mid Day group arm that runs FM channel Go 92.5.
Now, Business Standard reports that NDTV bought a minority stake in India Today group's radio venture Radio Today Broadcasting through a joint venture with Hyderabad-based Value Labs and Malaysia's Astro for an unspecified amount. Radio Today broadcasts Red FM in Delhi, Mumbai and Kolkata
Radio FM not only attracts music lovers but money lovers too ;-)
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