FM auctions: I&B rejects applications of 5 Sun TV group firms

Image
Press Trust of India New Delhi
Last Updated : Jul 15 2015 | 9:22 PM IST
"Five companies" of Kalanithi Maran-promoted Sun TV group will not be able to participate in Phase III FM auctions as the Information and Broadcasting Ministry has rejected their applications.
Officials said that an Application Review Committee, which yesterday met, has rejected the applications of the companies belonging to the Sun TV group, which had failed to get a security clearance from the Ministry of Home Affairs.
The ministry today released a list of 21 companies that are the 'pre-qualified bidders' for the first batch of the e-auctions for 135 private FM channels in 69 existing cities.
Security clearance from the Ministry of Home Affairs is a necessary condition to apply for the FM auctions, sources said.
The Information and Broadcasting Ministry had received 28 applications, sources said, including those from the five companies associated with the Sun TV group.
"The committee has approved 21 applications, though it has not given its nod to applications of the five companies of the Sun TV network," an official said.
The Ministry of Home Affairs (MHA) had earlier denied security clearance to the SunTV Network which had cast a question mark over its bid to participate in the auction.
The I&B Ministry is planning to conduct e-auction of 135 private FM channels in 69 existing cities of Phase II in the first batch of Phase III. Of these, 15 companies, including those from the Sun TV Network, already held licences under Phase II.
The rejection of applications of Sun TV Network companies is being perceived as a setback for the group which also runs several tv channels. The Home Ministry has also denied security clearance to 33 TV channels of the Sun TV network and the I&B Ministry is considering the future course of action in this regard.
Among the 21 companies that have emerged as pre-qualified bidders are A M Television Pvt Ltd, Abhijit Realtors and Infraventures Pvt Ltd, Abir Buildcon Pvt Ltd, DB Corp Ltd, Embassy Nirman Pvt Ltd, Entertainment Network (India) Ltd, HT Media Limited, Malar Publications Ltd, Music Broadcast Pvt Ltd and Next Radio Ltd.
Nirmal Sagar Buildcon Pvt Ltd, Odisha Television Ltd, Pratidin FM Pvt Ltd, Pudhari Publications Pvt Ltd, Rajasthan Patrika Pvt Ltd, Reliance Broadcast Network Ltd, Remi Overseas Pvt Ltd, Renderlive Films & Entertainment Pvt Ltd, Sarthak Films Pvt Ltd, The Mathrubhumi Printing & Publishing Co. Ltd and Venus Autoworks Pvt Ltd are the other companies.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 15 2015 | 9:22 PM IST

Next Story