File photo: HTNew Delhi: Private FM radio broadcaster Music Broadcast Ltd (MBL) on Monday announced that its board has approved the acquisition of the radio division of Ananda Offset Pvt Ltd (AOPL) in Kolkata by way of slump sale. Running under the brand name Friends 91.9 FM, the radio station of Ananda is operational since 2007. MBL, which was earlier a 39-station network controlling 62% of India’s FM population will now be a 40-station network looking at 71%. “Earlier, the bet was more on creating a localised (radio) market. HT Media, publisher of Mint, operates radio channels under the Fever 104 FM and Radio Nasha brands that compete with Music Broadcast’s stations in some markets.

Source: Mint April 23, 2018 18:51 UTC