The Local Radio Company

The Local Radio Company
Subsidiary
Industry Broadcasting
Founded 1996
Headquarters Redruth, UK
Products Local Radio
Website thelocalradiocompany.com

The Local Radio Company is a British media company, based in Redruth, Cornwall, that owns ten independent local radio stations in the UK. After takeover talks with UTV Media, UKRD Group and Hallwood Financial,[1][2] UKRD successfully acquired the majority share of the company in June 2009.[3]

History

TLRC was formed in 1996 as a joint venture between its majority shareholder Radio Investments Limited and GWR Group plc, with founding Chief Executive Chris Carnegy also holding a small stake. It was designed as a specialist operator of small stations and its initial portfolio consisted of stations transferred from the founders: Spire FM, Gold Radio, KCBC and Boss 603 Cheltenham from RIL, and Isle of Wight Radio from GWR. The group expanded rapidly by acquisitions and new licence wins.

Changes in structure saw a merger between TLRC, RIL and RIL subsidiary Radio Services. At its peak the merged private company owned or invested in 28 stations, spread between Stirling in Scotland and the Isle of Wight, and between Lowestoft and Plymouth. After Carnegy's departure in 2000 Guardian Media Group held a management contract, with its radio chief John Myers taking charge.

The group was sold in 2004 and began a new life as an AIM-quoted public company under the leadership of former Jazz FM CEO Richard Wheatly.

For a while, all stations owned by the quoted group, except Fire Radio, broadcast under a contemporary music format known as Music:fun:life. However this was generally not deemed a success so, after the departure of Group Programme Director Gordon Davidson in June 2006 to Emap, most stations developed their own branding.

The playlist offers a mix of new and classic pop music, with some special programming such as Party Anthems or Soul on Sunday. Network programmes broadcast by the group include The Lunchtime Gameshow which returned to the network after a break of 2 years in November 2008, hosted by John Harding and Russ Leighton broadcasting from Minster FM in York to the Northern TLRC stations; the hit40uk chart show; the urban chart show Fresh 40 and the Fierce Angel Radio Show on Saturday nights.

For 6 months in 2008 there were 2 new networked shows on the group including the Saturday Afternoon show with Tim West (which not all stations took) and the Network Weekend Breakfast Show with Danny Mathews (previously on Capital Gold, Key 103, Century and the Magic Network). This was short-lived and, although the shows were well received by the audience / RAJAR, the shows' contracts were only 6-months long and, due to the selling of many stations, these shows ceased in late 2008.

Former networked shows, such as the evening music and comedy show Simon James and Hill and late-night phone-in North-South Divided (which was broadcast jointly from studios in London and Durham to pitch listeners in the South of England against those in the North), have been dropped in favour of more music-based shows that reflect the daytime sound of the TLRC stations. Until recently, Sunday afternoons across the network have been dedicated to a premium rate phone-in show hosted by Andy Muir, titled Money on your Mobile.

Network shows were mostly broadcast from Mix 107 in High Wycombe, although they also sometimes came from the alternative network centres at Isle of Wight Radio or Minster FM in York.

In 2005, TLRC made a large number of acquisitions including full control of east Lancashire station 2BR and Bath FM. New licenses, Durham FM and Brunel FM, went on air in 2005 and 2006 respectively. In June 2007, TLRC launched Minster Northallerton which was moved into Alpha 103.2's studio outside of the stations border in Darlington. Before selling them, the company had already moved Bath studios to neighbouring Brunel FM in Swindon.

In 2007, TLRC station Isle of Wight Radio won the Sony Radio Academy Award for Radio Station of the Year (under 300,000). In 2008, Silk FM won the same award, having been shortlisted the previous year.

On 30 June 2008 TLRC announced plans to sell six of its stations, 3TR, Bath, Brunel, Ivel, Pennine and Vale, after selling loss-incurring Dune FM earlier in the month. This was followed by Central FM in September 2008.

Since then, TLRC has made a licensing agreement with GMG Radio for three years to run the rebranded jazzfm.com service as Jazz FM on a number of DAB multiplexes, on digital satellite and on the Internet.[4] The station has been live since 6 October 2008, sharing studios with Mix 107 in High Wycombe.

On 7 January 2009, TLRC placed Jazz FM up for sale following a strategic review of the company.[5] The station was sold to former chairman of TLRC, Richard Wheatly, on 9 April 2009 for the sum of £1.[6]

In 2009, The Local Radio Company was acquired by UKRD[7] and closed or disposed of long-term loss-making stations, as well as re-branding Alpha Radio, Minster Northallerton and Durham FM Into Star Radio North East.

Stations

Sold and closed stations

References

  1. ↑ UTV takeover, Broadcast Now, 20 December 2008
  2. ↑ RadioToday
  3. ↑ Offer Closed: The Local Radio Company
  4. ↑ Welsh, James (30 June 2008). "TLRC sells stations, resurrects Jazz FM". Digital Spy. Retrieved 2008-06-30.
  5. ↑ "LRC starts talks with Wheatly over Jazz FM sale". Marketing Week. 7 January 2009. Retrieved 2009-01-07.
  6. ↑ "Jazz FM sold to Wheatly". Radio Today. 9 April 2009. Retrieved 2009-04-09.
  7. ↑ Media Guardian

External links

This article is issued from Wikipedia - version of the Tuesday, April 14, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.