Cable TV operators’ shares fall after TRAI’s new tariff rules

Shares of broadcasting and cable TV operators fell up to 6 per cent on Thursday after TRAI made amendments to the new regulatory framework for cable and broadcasting services under which cable TV users will be able to access more channels at lower subscription price.

Sun TV Network dropped 6.37 per cent, Den Networks dipped 3.90 per cent, Zee Entertainment Enterprises fell 2.99 per cent and Dish TV India was down 0.85 per cent on the BSE.

However, later Dish TV recovered its early losses and was trading with marginal gains.

In a bid to protect consumer interests, TRAI on Wednesday made amendments to the new regulatory framework for cable and broadcasting services.