India's TV Today Network rises on shutdown of loss-making FM ops

TV Today Network

09/01/2025 05:49

** Shares of broadcaster TV Today Network  TVTO.NS  rise
7.4% to 223.5 rupees
    ** Stock set for best day since Aug 1, 2024, when it posted
a higher Q1 profit
    ** Co says to shut its FM radio operations in Mumbai, Delhi,
Kolkata within 1-6 months due to industry challenges
    ** FM radio ops posted 195.3 mln rupee loss in FY 2023-24
    ** Shares fell ~3.6% in 2024

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))