Panel Pegs Revenue Share From FM Players At 4%

[icernet-admin at listserv.cddc.vt.edu]

Revenue-sharing between private FM radio players and the government has 
been finalised at 4 per cent, according to sources. Although a lower 
revenue-sharing rate was proposed by some members of the expert committee 
on radio, it has been fixed at 4 per cent. Revenue-sharing will follow 
payment of a one-time entry fee through bidding. Besides revenue-sharing at 
4 per cent, the committee is recommending foreign direct investment (FDI) 
on par with television news at 26 per cent. Currently, up to 20 per cent of 
foreign institutional investment (FII) is permitted in FM ventures. FDI is 
not allowed in FM radio at all. 

Source:
http://www.financialexpress.com/fe_full_story.php?content_id=45396