HT Media acquires 51% in Radio One's Next Mediaworks

HT Media (HTML) has acquired 51 per cent stake in Next Mediaworks (NMW), which operates through its subsidiary Next Radio (NRL) under the brand 'Radio One'. With this, HT Media now has 22 stations, and a national footprint spanning 15 cities.

NMW operates FM radio stations across major metros including Delhi, Mumbai, Bengaluru, Kolkata, Chennai and Pune.

Harshad Jain, CEO – Radio & Entertainment Business of HTML has been named as the chief executive officer of NMW/NRL. He will lead all the three brands of Fever FM, Radio Nasha and Radio One.

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Commenting on the development, Jain said in a press statement, “This acquisition aims to provide the widest array of content, music and advertising options for our listeners and advertisers. Needless to mention, the combined set-up will provide growth opportunities for the talented employees on both sides. The company is now detailing the synergies of operations both at the front and the backend.”