• SHARE

TV Tokyo Broadband Entertainment Inc. said Thursday it will become the biggest shareholder in FM Inter-Wave Inc., purchasing a 39 percent equity stake in the struggling radio broadcaster in a deal valued at 1 billion yen.

TV Tokyo Broadband, an Internet-related affiliate of TV Tokyo Corp., hopes to help FM Inter-Wave turn its business around and is considering an online music distribution service linked with radio broadcasting, it said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW