New Radio players to shift to 4% revenue sharing model; cut-off date for old regime is March 31, 2005
The government has decided March 31, 2005 as the cut-off date for an end to the licence fee regime for FM players. From April 1, 2005, all FM players including existing ones will benefit from the new policy that allows 4 per cent revenue sharing and 20 per cent foreign investment. Interestingly, I&B Minister Jaipal Reddy had said at the exchange4emedia Conclave on May 31 this year that his ministry would formally announce these decisions “within a month”.