HT Media acquires 51% stake in Radio One parent Next Mediaworks

New Delhi: HT Media Ltd, the publisher of Mint and Hindustan Times newspapers, said its radio arm has acquired a 51% stake in Next Mediaworks Ltd. Next Mediaworks, through its subsidiary Next Radio Ltd, operates stations across major metros under the Radio One brand, including some in the English language.

HT Media owns the popular Hindi radio channels Fever FM and Radio Nasha, with a dominant presence in the metros—two stations each in Delhi and Mumbai and one each in Bengaluru, Kolkata, Chennai and Hyderabad. Next Radio operates seven stations of Radio One across Delhi, Mumbai, Bengaluru, Kolkata, Chennai, Pune and Ahmedabad.

Fever FM and Radio Nasha are leaders in the Hindi contemporary hit radio (CHR) and retro radio space, respectively.