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'Radio industry is being forced to be unviable'

'Radio industry is being forced to be unviable'

Rediff.com18 Jan 2010

"If the music royalty is reduced by Rs 100 crore (Rs 1 billion), I think many of the FM radio stations in the country could be very viable. Or else, they will be forced to shutdown," says Prashant Panday, CEO, Radio Mirchi.