Red FM gets a breather

Red FM has been allowed to participate in the mock Phase III auctions by the Delhi High Court. Mock auctions will be held today and tomorrow.  The High Court had earlier asked I&B Ministry if the main FM auctions could be postponed.

The Delhi High court decision has come after the ministry expressed its ability to do the same.The court permission has come as an interim relief to the company.

However, the matter would come up for further discussion on Friday, 24th July.  The security clearance needed for FM Phase III auction was labelled as unclear by Delhi High Court earlier.

A separate petition has been filed by Red FM in the Chennai High Court,which is expected to give its judgment tomorrow.
As of now phase III auctions are slated to be held on July 27, 2015.

  The next date of hearing in court has been scheduled on Friday, 24th July.

Here are the links of the two stories which we had done on the same subject: 

Official statement from RED FM on the High Court verdict:

The Honourable Delhi High Court’s decision to allow Red FM to participate in mock auctions and take cognizance of our pleas to allow us to participate in the mock auctions has strengthened our belief in the judicial system.

We have always maintained that our business is a professionally managed entity and it’s unfair to penalize a well-run, successful business and its employees. We also strongly believe that not allowing us to participate the phase 3 auctions is an attack on media freedom.



News in the domain of Advertising, Marketing, Media and Business of Entertainment

More in Media