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Neth FM

Founded in 2005, Neth FM is a Sinhala language radio station that features a range of programmes including news segments, talk shows and religious sermons. It is operated by ASSET Radio Broadcasting (Pvt) Limited, which is owned by Nihal Seneviratne Epa. Neth FM has an audience share of 12.66% according to the 2017 national survey by Kantar Lanka Market Research Bureau (LMRB).

Key facts

Audience Share

12.66%

Ownership Type

Private

Geographic Coverage

National

Content Type

Free to air

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

2 ♥

Media Companies / Groups

ASSET Radio Broadcasting (Pvt) Limited

Ownership

Ownership Structure

The total amount of ASSET Radio Broadcasting (Pvt) Limited's shares are owned by Nihal Seneviratne Epa (38.67%) and EPA Holdings (Pvt) Limited (61.33%). Nihal is also the sole shareholder of EPA Holdings (Pvt) Limited.

Voting Rights

Shareholders holding more than 10 percent of shares are entitled to vote.

Individual Owner

Media Companies / Groups
Facts

General Information

Founding Year

2005

Affiliated Interests Founder

Missing Data

Ceo

Asanga Priyantha Jayasooriya

Affiliated Interests Ceo

Asanga Priyantha Jayasooriya- is the current CEO and a Director at ASSET Radio Broadcasting Company (Pvt) Limited. He is the Vice Chairperson of Sri Lanka Electronic Media Broadcasters’ Grid (SLEMBG).

Affiliated Interests Editor-In-Chief

Charith Suddathchari – Assistant Director for News and Current Affairs

Other Important People

Nihal Seneviratne Epa

Affiliated Interests other important people

Nihal Seneviratne Epa is the Chairperson, as well as a Director and shareholder at ASSET Radio Broadcasting Company (Pvt) Limited, where EPA Holdings (Pvt) Limited is the only other shareholder. He is also the only Director and shareholder of EPA Holdings (Pvt) Limited. He owns 38.67 percent of individual shares at ASSET Radio Broadcasting Company (Pvt) Limited while EPA Holdings (Pvt) Limited owns 61.33 percent of shares. However, Nihal is the sole shareholder of EPA Holdings (Pvt) Limited. As such, he remains the overall owner of ASSET Radio Broadcasting Company (Pvt) Limited. In 2011, Nihal and Milroy Pieris, a Director of Neth FM, were reportedly legally challenged by Lak Asia Holdings (Pvt) Limited and Sanka Kanchana Wasala Liyanage for preventing them from becoming Directors in ASSET Radio Broadcasting Company (Pvt) Limited. Nihal Seneviratne Epa also authored a book on Sri Lankan foreign policy. He is a member of the Chamber of Young Lankan Entrepreneurs.

Contact

ASSET Radio Broadcasting (Pvt) Limited

11B Ocean Tower Building, Station Road, Bambalapitya, Colombo 04

News line: (+94) 112507078

General: (+94) 115347347

Email: feedback@nethfm.com

Website: nethfm.lk

Financial Information

Revenue (in Mill. $)

Missing Data

Operating Profit (in Mill. $)

Missing Data

Advertising (in % of total funding)

Missing Data

Market Share

Missing Data

Further Information

Meta Data

The official website of Neth FM does not provide sufficient information about the channel’s ownership. Meanwhile, secondary sources also remain inadequate to determine both the founder and details related to the ownership of the outlet. As such, shareholder details were gathered through the annual returns available at the Department of Registrar of Companies. The most recently available data for ASSET Radio Broadcasting (Pvt) Limited and EPA Holdings (Pvt) Limited was from the year 2017. Listenership data was obtained from the Kantar Lanka Market Research Bureau (LMRB) for the year 2017 (January- November). While the Media Ownership Monitor research team reached out to ASSET Radio Broadcasting (Pvt) Limited by formally requesting for the company’s information on 25 July 2018, the company did not respond to the aforementioned request.

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