Reasons out a member in the new club: ``Our agenda will be different from that of those who haven't paid the bank guarantee for setting up FM radio stations.'' So, an informal club of FM licensees, who have a similar agenda, makes sense, he added. In any case, said a member of this informal club, the government had written a letter to the licensees persuading them to meet each other in a consortium in order to thrash out crucial issues such as third-party participation and deciding the size of the tower. In their first meeting after the FM Radio agreements were signed with the government, the licensees discussed the modalities of setting up FM radio stations. Of those attending the meeting on Tuesday were representatives from Bennett Coleman's Entertainment Network, Living Media's Radio Today, Mid-day Radio, Millennium and Music Broadcast.

Tuesday's meet was significant in that the members decided to discuss some crucial issues with a senior official of the Information & Broadcasting Ministry within a day or two. ``The meeting with the I&B official will help these new club members understand a lot of issues concerning FM.'' Among the primary concerns of the FM licensees is the issue of re-bidding of FM circles by the government. These players feel that giving another chance to the defaulters is not fair.

Even though the government stand on re-bidding is not clear yet, Zee Group's New Media Broadcasting-the biggest defaulter- has been directed by the Delhi High Court to get back to the government on whether it is serious about acquiring the FM licence or not. Earlier, New Media had moved court against the government demanding a refund of its advance money. The next hearing of the Zee case at the Delhi High Court is on Monday next.