Recession in FM Radio !!!

The worldwide recession following the US financial meltdown will have a major impact on the nascent FM Radio industry in India. FM Radio industry in India which had been growing at a pace of 30 to 40 per cent in the last few years would see a more than 50 per centreduction this year, Radio City 91.1 FM CEO Apurva Purohit told sources. Ms Purohit said the advertisement rate which was growing at about 20 per cent during the last few years would have a truncated growth of eight to ten per cent.