MUMBAI: The TV Today Network has  lost all the love it once had for the  FM radio business under the brand of IshqFM  (romantic love) 104.8  FM. 

The company, on 9 January 2025, informed the Bombay stock exchange, that its board of has approved the closure of its IshqFM radio broadcasting operation, which includes three stations in Mumbai, Delhi, and Kolkata. The decision, announced at a board meeting on January 9, is subject to regulatory approvals and compliance requirements, with the shutdown expected to occur within one to six months.

The FM radio business contributed a turnover of Rs 16.18 crore in FY 2023-24, representing 1.7 per cent of the company’s total turnover for the year. However, it reported a net loss of Rs 19.53 crore during the same period.

In a statement, the board cited the challenging state of the FM radio industry and its evolving dynamics as key reasons behind the decision. “The board of directors considered it in the better interest of the company to close this business rather than continue operations,” the statement said.

The move aligns with TV Today Network's strategic focus on its core media and broadcasting ventures, as the FM radio segment has struggled to remain profitable in a competitive and shifting landscape.