The Local Radio Company has received a renewed takeover offer of £2.5 million from Hallwood.Hallwood’s new offer, which well exceeds its previous bid of £1.8 million, values the company’s shares at 3.5p each.The company’s renewed bid comes after rival bidder UKRD offered LRC 3.25p per share on Wednesday – UKRD increased its offer after its… Continue reading Shareholders increase The Local Radio Company offer to £2.5m
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The BBC and commercial radio representatives are set to announce a new partnership initiative today, in a bid to secure the future of digital radio.The joint venture will see the BBC, RadioCentre and members from Global Radio, Bauer Media and GMG, establish a Radio Council, which will aim to bring the industry together in order… Continue reading BBC and commercial radio announce new digital partnership
Global Radio’s chief executive has urged the government to set a date for the radio digital switchover and back the industry in Lord Carter’s Digital Britain report.Speaking at the Radio Reborn conference in London today, Stephen Miron said the industry had been “too slow to embrace change” and called on the Lord Carter to focus… Continue reading Global chief urges ministers to set digital switchover date
Kiss radio is set to launch a new website in a bid to host the first commercial radio site to run a display ad-free homepage.Kiss will trial the new format, which is similar to Channel 4 and Channel Five’s sites, and instead offer creative commercial takeovers and integrated advertising options.The site will launch with an… Continue reading Kiss launches ad-free home page
The BBC’s free to air high definition channel BBC HD is now available via BBC iPlayer, allowing users to stream HD programmes for up to seven days after broadcast.BBC iPlayer users will now be able to download and watch a wide range of high definition programmes from across other BBC channels, with up to five… Continue reading BBC HD comes to iPlayer
Xfm breakfast DJ Alex Zane is leaving the Global Radio station and being replaced by Ian Camfield, currently presenter of the 12-4pm slot.It is understood that Zane is leaving by “mutual consent” as he has come to the end of his contract. His last show will be this Thursday.The latest RAJAR figures, for Q4 2008,… Continue reading Alex Zane to leave Xfm’s breakfast show
Independent News & Media has postponed publishing its annual results for a second time while debt talks continue.INM was due to release its 2008 figures this Friday but the company’s management will continue to hold talks about reducing its £1.3 billion debt until it announces its results next Thursday.Reports suggest that the company was hoping… Continue reading Independent News & Media delays annual results announcement
Global Radio is expected to confirm the sale of eight stations in the Midlands to Bauer Media in a deal thought to be worth around £30 million.Last year, Global offered to dispose of the eight Midland-based stations in a bid to appease competition concerns by the Office of Fair Trading over Global’s £375 million purchase… Continue reading Global expected to confirm £30m deal with Bauer
London’s Magic 105.4 is set to launch its sixth series of user-generated content ‘Magic Good Mood Film’ television ad-campaigns.The TV ads, which return on April 17 to promote Neil Fox’s More Music Breakfast Show, aim to “capture and lift the mood of London by using listeners’ favourite images of the capital and their lives in… Continue reading Magic launches new TV ad campaign
The government is looking at introducing a fast-track legislation later this year to relax ownership regulations in a bid to help local newspaper and radio companies.The quick-fix bill, which would have relatively few clauses, would allow the government to change existing laws without introducing new primary legislation, according to reports.However, it is unlikely to extend… Continue reading Government to relax local media ownership rules