Fever FM posts loss of Rs 23.3 mn
Delhi's radio channel Fever FM has posted a loss of Rs 23.3 million for the quarter ended 30 September, improving marginally from the trailing quarter loss of Rs 26.3 million.
Fever, has de-merged from its subsidiary HT Music and Entertainment (HTME) and merged into the parent company Hindustan Times Media Ltd. The company operates FM stations in Delhi, Mumbai, Bangalore and Kolkata.
Fever FM has posted revenue of Rs 97.8 million, up 10.76 per cent from the trailing quarter.
According to the reports, HT Media has employed a capital of Rs 801.2 million in its radio business.
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