Public radio Exchange raises $2.7 million
Public Radio Exchange, a non-profit which operates an online marketplace that independent radio producers use to upload content so that it can be licensed by public radio stations or accessed by individuals, has raised $2.7 million in funding from three non-profits.
Radio One, the ailing FM radio business of Mid-Day Multimedia where BBC Worldwide has a 20 per cent stake, plans to raise Rs 500 million.