HT Media | Pixr8 News

7Jun By Gauri SinghNo Comments

BUSINESS

HT Media Announces Investment up to Rs 400 Cr in Radio Business

The Delhi-based mass media company HT Media today has announced its plans for investment in its subordinate business ‘HT Music and Entertainment Company Ltd (HTME)’ with the aim to expand its FM radio business. The investment is reportedly priced up to Rs 400 crore. The music company manages two popular radio stations in India namely Fever FM and Radio Nasha. HT Music and Entertainment Company Ltd is also engaged in the management and organization of various events and shows in the country. Apart from this, HT Media runs 19 printing facilities across the country. Along with Hindustan Times and Hindustan, the company also publishes Mint. HTML’s revenue from the radio business increased by 35.7% to Rs158.7 crore in the financial year 2017-18, followed by new radio station launches. The...

UK Based Koovs Raises 30 Cr Funding From HT Media

UK-based online fashion player Koovs plc today announced raising 3.3 million pounds (over Rs 30 crore) from HT Media Ltd and Dragon Asia Holdings Pte Ltd to fund its marketing and brand building activities in India. Koovs said it has issued 1.2 crore new ordinary shares at a price of 25 pence per ordinary share to HT Media translating to 8.2 per cent stake in the enlarged issued share capital of the fashion portal. Similarly, the company issued 12 lakh new ordinary shares at a price of 25 pence per share to Dragon Asia Holdings Pte Ltd taking total holding in it to 19.2 per cent. "This investment shows further momentum in our Capital Raising and supports our focus on marketing in order to accelerate brand awareness and sales growth for Koovs in India. Our ambition remains t...

First seed funding from HT Media, NBM – Invests in Planet GoGo

Planet GoGo Pvt. Ltd, which operates news aggregation website Planet Gogo, has raised an undisclosed amount in a seed round from HT Media Ltd through its subsidiary HT Digital Media Holdings Ltd and US-based investment firm North Base Media (NBM). The fund will be used in growing its user base, Damandeep Singh Soni, co-founder of Planet GoGo, said on Friday. The three-month-old company aggregates news and entertainment content from over 60 partner publishing sites including HT Media and displays them on the lock screen of mobile phones. “With the ever-increasing number of smartphone users, GoGo focuses to revolutionize content consumption for mobile users without having them to spend for it. A large part of the population today rely on apps for everyday content needs and GoGo provides...