Music Broadcast Limited (MBL) is engaged in the business of operating private FM radio stations through the brand Radio City promoted by Jagran Prakashan Ltd. Advertisements contributes ~99% of its revenues. Radio City is the first private FM radio broadcaster in India. MBL has expanded its presence with radio stations from 4 cities in 2001 to 37 cities as on February 2017 and additional two stations are expected to be operationalised by April 2017. MBL is present in 12 out of the top 15 cities in India by population. As on March, 2016 it has over 4.96cr...