HT Media Ltd, India's leading media group, has clarified the present leadership status and organizational structure of its audio and radio businesses. The firm confirmed that there are no leadership-level changes in its audio/radio business, countering recent market rumors. Moreover, Next Mediaworks Ltd—a group company—has no operations in the audio or radio space.
Key Highlights:
-
Leadership Continuity: HT Media assured stakeholders that its audio/radio business, comprising popular platforms such as Fever FM and Radio Nasha, will experience no alteration at the senior management level. The existing leadership team continues to be in place, providing stability and continuity as the company goes about its strategic growth initiatives.
-
Next Mediaworks Clarification: The statement noted that Next Mediaworks Ltd is not involved in the radio or audio business. This clarification dispels, and addresses, industry speculation or investor misunderstanding of Next Mediaworks being connected to HT Media's radio business.
-
Strategic Focus Unchanged: HT Media's innovation, digitalization, and content expansion drives in the audio domain continue to be strong, fueled by its matured leadership and robust operating template.
Leadership Insights:
An HT Media spokesperson said,
We want to assure our investors, partners, and listeners that our audio/radio business is in stable, experienced leadership hands. There are no management changes, and Next Mediaworks is not part of this business segment."
Outlook:
With management and structure clarity, HT Media stands poised to deepen its presence in the audio and radio space, riding on leadership stability and clarity of strategy.
Source: Company statement, stock exchange filings, April 16, 2025.