TV Immediately Community to close down Ishq 104.8 FM radio enterprise in 6 months

TV Immediately Community’s board has accredited the closure of its FM radio broadcasting operations, which embrace three stations in Mumbai, Delhi, and Kolkata working underneath the 104.8 FM frequency. The corporate, in an alternate submitting, said that the radio enterprise is anticipated to wind up inside one to 6 months.  

“Given the state of the business, its dynamics, and the evolution of the FM Radio Broadcasting enterprise, the Board of Administrators thought-about it within the higher curiosity of the Firm to shut this enterprise as an alternative of continuous the identical,” the corporate famous within the submitting.

The radio enterprise of TV Immediately Community reported a turnover of Rs 16.2 crore in FY 2023-24, accounting for 1.7% of the corporate’s whole turnover for the yr. Nonetheless, the phase contributed a internet lack of Rs 19.5 crore to the corporate’s internet value throughout the identical interval.  

Ishq 104.8 FM, the community’s romantic music radio channel, broadcasts in main cities like Delhi, Mumbai, and Kolkata. Previously often known as Meow FM and OYE FM, the channel initially launched as a talk-based station focusing on a feminine viewers in Delhi, Indore, Mumbai, and Kolkata.

In September 2010, the channel rebranded as OYE FM, transitioning its programming to a filmi format. Later, in December 2016, it underwent one other rebranding to its present id, Ishq 104.8 FM, underneath the India Immediately Group.


Written with the View : afaqs