Home >Industry >Media >Radio operators seek urgent govt help for survival

The Association of Radio Operators for India this week again urged the government to consider its long-pending request for a relief package to the industry, which has been suffering huge loss of revenue over the last several months due to the Covid-19 pandemic.

"The radio industry is one key industry to have been severely impacted by the ongoing coronavirus pandemic. The industry revenue for radio was estimated to be down by over 80% in April and 90% in May. With no revenues from the commercial segments and no government advertising, the radio industry witnessed a loss of over 200 crore in the first 2 months of FY 21 and this is estimated to reach a figure of around 600 crore by September," the radio operators body said.

In a letter to the Union Minister of Information and Broadcasting, Prakash Javadekar, the AROI had sought a one-year waiver on all license fee and charges by Government and Prasar Bharti/ WPC. In response, the government had given the industry a three-month extension of license fee payments without interest.

"Government support at this juncture is critical to help the Radio companies survive and avoid an all-together collapse. A relief package would help avoid shutting down of distressed radio stations and drastic cost reduction measures such as job cuts," the AROI said in a communication.

The radio industry has welcomed government's move to slash the license fee on wired broadband. The Union Cabinet is all set to approve a proposal to slash the license fee on wired broadband services to a token Re 1 per year per circle. This will reduce the pressures on the telecom players significantly, cutting home broadband costs and helping the operators expand their network coverage.


Subscribe to newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

Close
×
My Reads Logout