Next Media
- Company typePublic
- Founded1981
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
Next Media firmographics
Firmographics- Name
- Next Media
- Legal name
- Next Mediaworks Limited
- Website
- https://nextmediaworks.com
- Company type
- Public
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Next Media industry classification
Industry- Product category
- Radio Broadcasting
- NAICS
- Radio Broadcasting Stations (516110), Radio and Television Broadcasting Stations (5161), Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers (516210)
- SIC
- Radio Broadcasting Stations (4832)
- akta.pro primary industry
- Commercial Terrestrial Radio Broadcasting (AM/FM) (MPAIAEAA)
- akta.pro secondary industries
- Internet Radio & Streaming Broadcast Stations (Simulcast/Online-only) (MPAIAEAE), Radio Streaming & Catch-Up Audio Platforms (MPAIADAJ), Independent Local Radio Stations (MPABACAD)
Keywords
Where Next Media is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Next Media business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- FM Radio Advertising: The company operates 7 FM radio stations in metro cities (Mumbai, Delhi, Bangalore, Kolkata, Chennai, Ahmedabad, Pune) under the Radio One brand through its subsidiary Next Radio Limited. Revenue is generated from radio advertising. Historical revenues ranged from Rs 16.15 crores to Rs 21.86 crores per quarter during FY 2017-18.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Next Media product offering
Product offeringCore offering
Next Mediaworks Limited operates 7 FM radio stations under the Radio One brand across India's metro cities (Mumbai, Delhi, Bangalore, Kolkata, Chennai, Ahmedabad, and Pune) through its wholly-owned subsidiary Next Radio Limited, offering differentiated international format programming. The company also operates the 1cast.in online streaming platform launched in 2017, providing India's first online re-broadcast of FM radio stations and the country's first live audio business channel. Revenue is generated primarily from radio advertising sold to businesses seeking reach among urban metro audiences.
Product overview
Next Mediaworks Limited operates a dual offering: the core Radio One FM radio business with 7 FM radio licenses across metro cities in India (Mumbai, Delhi, Bangalore, Kolkata, Chennai, Ahmedabad, and Pune), marketed under the international format differentiated brand; and the digital platform 1cast.in launched in 2017, which provides online streaming of radio content and India's first live audio business channel. The company was originally incorporated as Mid-Day Publications Private Limited in 1981 and operates through subsidiary Next Radio Limited.
Differentiator
Problem solved
Functional benefit
Brands
- Radio One: FM radio brand operating in 7 metro cities: Mumbai, Delhi, Bangalore, Kolkata, Chennai, Ahmedabad, and Pune. Known for international format radio programming.
Products and services
- Radio One (94.3 FM)
- 1cast.in Online Streaming Platform
Quantifiable outcome
- Revenue growth of 6.9% from Rs 16.15 crores to Rs 17.27 crores in Q1 FY 2018-19
Companies that use Next Media
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Next Media technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Next Media partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- HT Media Ltd (Fever FM & Radio Nasha)coreNext Radio Ltd (94.3 Radio One) and HT Media Ltd (Fever and Radio-Nasha) proposed a merger to create a larger combined metro play. The proposed merged entity would have 13 stations (7 from Fever FM + Radio Nasha in Delhi-2, Mumbai-2, Bangalore, Kolkata & Chennai, and 6 from Radio One in Delhi, Mumbai, Bangalore, Kolkata, Chennai & Pune). Post-merger, HT Media and its shareholders would hold 74% and Next Radio shareholders would hold 26%. The proposed merger was subject to approval of shareholders, legal bodies, and the Ministry of Information & Broadcasting.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Next Media competitors and assessment
Company assessmentEmerging players
- JioSaavn: India's largest music streaming platform owned by Reliance. Comparable as a digital audio platform competing for the same urban listener ear-share that Radio One targets, and represents the structural digital audio threat to traditional FM broadcasters.
Direct peers
- HT Media (Fever FM, Radio Nasha): Operates Fever FM and Radio Nasha FM stations across Indian metros. Direct competitor in FM radio advertising and the proposed merger counterparty that would own 74% of the combined entity with Next Mediaworks.
- Music Broadcast Limited (Radio City): Listed FM radio operator with stations across multiple Indian cities including metros. Competes head-to-head with Radio One for metro advertising revenue and operates a similar music-format FM business model targeting urban audiences.
Regional players
- D B Corp Limited: Primarily a print media company (Dainik Bhaskar) with limited radio operations. Indirectly comparable as a listed Indian media company with operations across multiple formats, though its radio footprint is smaller than Next Mediaworks'.
Broad incumbents
- Sun TV Network: Large Indian media conglomerate with radio operations (SUR FM) and broader TV entertainment presence. Comparable as a regional broadcast operator with FM assets in select markets, though its core business is television.
- Reliance Broadcast Network (92.7 Big FM): Operates one of India's largest private FM radio networks with 50+ stations. Direct competitor in the metro advertising market and was at one point the largest private FM operator, comparable to Radio One on commercial model but materially larger.
- Entertainment Network India (Radio Mirchi): Operates India's largest FM radio network with 60+ stations across the country. Directly comparable to Next Mediaworks as a Hindi/multi-language FM broadcaster competing for the same metro advertising budgets, but at substantially greater scale.
Others
- Saregama India (RP-Sanjiv Goenka Group): Music label and digital audio platform owner (Yoodli, Carvaan). Comparable as a monetizer of audio content/IP in India and a potential content partner or distributor for Radio One's international format.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Next Media social profiles
Digital presenceNext Media financial estimates
Financial estimateRevenue estimate
Valuation estimate
Next Media leadership team
Management profileNumber of profiles
Profiles2 records
Next Media subsidiaries and ownership
Company hierarchySubsidiaries1 record
Next Media funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Next Media M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Next Media
What does Next Media do?
Next Mediaworks Limited operates 7 FM radio stations under the Radio One brand across India's metro cities (Mumbai, Delhi, Bangalore, Kolkata, Chennai, Ahmedabad, and Pune) through its wholly-owned subsidiary Next Radio Limited, offering differentiated international format programming. The company also operates the 1cast.in online streaming platform launched in 2017, providing India's first online re-broadcast of FM radio stations and the country's first live audio business channel. Revenue is generated primarily from radio advertising sold to businesses seeking reach among urban metro audiences.
Is Next Media a public or private company?
Next Media is a public company. It is classified as public and is currently operating.
When was Next Media founded?
Next Media was founded in 1981. It employs 11 to 50 people.
Where is Next Media based?
Next Media is headquartered in Mumbai, India, in the Asia region.
How does Next Media make money?
One revenue line is on record: FM Radio Advertising.
Who are Next Media's main competitors?
JioSaavn is listed as an emerging player. Direct peers are HT Media (Fever FM, Radio Nasha) and Music Broadcast Limited (Radio City). D B Corp Limited is listed as a regional player. Broad incumbents are Sun TV Network, Reliance Broadcast Network (92.7 Big FM) and Entertainment Network India (Radio Mirchi). Saregama India (RP-Sanjiv Goenka Group) is listed as an others.
Does Next Media have an API?
No public API is recorded for Next Media.
What industry is Next Media in?
Next Media's product category is Radio Broadcasting. Its primary akta.pro industry code is MPAIAEAA, Commercial Terrestrial Radio Broadcasting (AM/FM), with a secondary code of MPAIAEAE, Internet Radio & Streaming Broadcast Stations (Simulcast/Online-only). Its NAICS code is 516110 and its SIC code is 4832.