In an interview to CNBC-TV18, Prashant Panday, MD and CEO of ENIL spoke about the latest happenings in his company and sector. Pandey expects the next five years to be better for radio. He sees radio industry growing at 17-20 percent in the next five years.

Addition of Radio City a welcome move in radio space, says ENIL

In an interview to CNBC-TV18, Prashant Panday, MD & CEO of ENIL said the addition of Radio City would be a welcome move in the radio space.

Demonetisation has hit revenues by 10%, says ENIL chief

Speaking to CNBC-TV18 Prashant Pandey, MD & CEO ENIL said that impact has been severe. The hit on revenues has been around 10 percent, he said. He added that the media industry is expecting a turbulent December.

English print growth around 2%, Hindi print at 10%: ENIL

The biggest advertiser across ENIL's TV and radio business is the Central Government, says Prashant Panday, Managing Director and Chief Executive Officer, ENIL. Government ads contributed to around 12 percent to ENIL's total revenue last fiscal.

Expansion to lead to 20% radio biz growth by FY18: ENIL

The company's margins had witnessed a decline in the fourth quarter of FY16 because of a 30 percent increase in its marketing costs. Panday says the marketing costs will continue to bog down margins for another few months due to introduction of second frequencies in various cities.

New radio stations to strengthen presence in North: ENIL

Entertainment Network India Limited (ENIL), the operator of Radio Mirchi FM channel has received approval from the information and broadcasting ministry for buying 4 radio stations of TV Today Network , which owns 104.8 FM Oye.

TRAI's recos regarding new reserve price unviable: ENIL

ENIL would spent around Rs 500-800 crore to participate in the phase III auctions for both existing and new cities, and Rs 100 crore of capex, adds Prashant Panday, managing director of the company.

Phase III spectrum bidding to be aggressive: ENIL

Prashant Panday, managing director, Entertainment Network India Limited, says the bidding for the phase III spectrum acution is likely to be very aggressive due to limited frequencies being available.

See strong Q4 earnings; may hike ad rates in Aug-Sept: ENIL

Entertainment Network India Limited‘s (ENIL) fourth quarter looks reasonably strong amidst challenging economic environment, says Prashant Panday, ED&CEO of the company. Advertising and media industry have done better than expectations, he says.

Amendments to Copyright Bill shocking: ENIL

News of amendments to the copyright bill has sent shock waves amongst radio companies. The changes that are being mooted may not be advantageous for the companies and Prashant Panday, Executive Director & CEO of ENIL says, they have been caught by surprise.

Radio Mirchi plans expansion; skeptic on phase-3 FM auction

Prashant Panday, CEO, Radio Mirchi was skeptical about the third phase of auctions for FM radio. Though Panday was nervous about demand being too strong, he was hopeful that common sense and the lessons of the second phase of auctions would prevail

ENIL sees Q3 profits lower compared to Q2

Some news today indicated Entertainment Network (India) (ENIL) has been looking to enter into a strategic agreement or arrangement with Abu Dhabi Media Company. Prashant Panday also indicated that they have seen a good demand for Radio Mirchi in UAE. He also stated that the media industry has been badly hit by slowdown in Q3.

26% FDI cap in FM radio nothing more than symbolic: ENIL

In an interview with CNBC-TV18, Prashant Pandey of ENIL said most radio companies have not exhausted the 20% limit. The sector, he said, is likely to see greater interest if the cap on foreign direct investment is increased to 26%.