Tuesday, 12 July 2011

Lower ownership lock-in to trigger consolidation in Indian radio industry - The Economic Times

India's radio industry is readying for a makeover with the government's approval to a plan to allocate new radio licences through e-auction and increased foreign investment limit of 26%.

Though the issuing of licences will take a little over four years, in the long-term the move will boost advertising revenue, promote business consolidation and lower expansion cost, said analysts and industry experts.

See the full story at economictimes.indiatimes.com

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