Aaj Tak’s parent company pulls plug on FM radio ventures

NEW DELHI: TV Today Network, the media house behind Aaj Tak, is ditching its wireless ambitions. The company disclosed on 25th November that it plans to sell its entire FM radio operations—three stations broadcasting on 104.8 FM in Mumbai, Delhi and Kolkata—to Abhijit Realtors & Infraventures Pvt Ltd for Rs 10 crore.

The deal, approved by a special committee of directors, will see the radio business transferred through Vibgyor Broadcasting Pvt Ltd, TV Today’s wholly-owned subsidiary. The stations generated a meagre Rs 14.16 crore in revenue last financial year—just 1.41 per cent of the group’s total turnover—whilst racking up losses of Rs 10.54 crore.

Abhijit Realtors, a property developer that dabbles in radio and entertainment, will pay half the consideration upfront when the memorandum of understanding is signed, with the remainder due within three months. The transaction requires approval from the ministry of information and broadcasting and is expected to close by 31 May 2026.

TV Today said the sale would allow it to “focus on the company’s core business areas”—a polite way of saying it’s cutting its losses. The radio business had become an expensive distraction for a firm built on television news.

For Abhijit Realtors, the acquisition offers a foothold in three of India’s largest media markets. For TV Today, it’s a swift exit from a costly experiment in frequencies that never quite found their audience.