The Government has approved the amendments of certain provisions contained in the Policy Guidelines on Expansion of FM Radio Broadcasting Services through Private Agencies (Phase-III) referred as Private FM Phase-III Policy Guidelines in order to remove the 3-year window period for restructuring of FM radio permissions within the same management group during the license period of 15 years.
Key points:
- 3-year window period for restructuring of FM radio permissions within the same management group during the license period of 15 years has been removed.
- 15% National cap on channel holding has been removed.
- An applicant company can now participate in bidding for ‘C’ and ‘D’ category cities with a net worth of just Rs.1 crore in place of Rs.1.5 crore earlier.
Source: PIB
