Laser buys Fresh Radio
Fresh Radio in Skipton is now fully owned by Laser Broadcasting. The board accepted a six figure deal for the station which is currently moving from medium wave to FM at various parts of the Yorkshire Dales.
The agreement has been reached with the unanimous support of the Fresh Radio board of directors, while the offer will now be put before their shareholders for final approval. Laser Broadcasting is also taking management control of Fresh with immediate effect.
This latest acquisition by Laser brings the total number of stations in the Laser stable to six including its recent award of the new licence for Herefordshire and Monmouthshire licence, which it aims to launch in October this year.
Laser Broadcasting also owns Sunshine 855 in Ludlow, Classic Hits in Hereford and Worcester, Quay West 107.4 in Bridgwater and Quay West 102.4 in Minehead.
Nigel Reeve, Chief Executive of Laser Broadcasting, said: "We are delighted to have made the acquisition of such an excellent radio station that is just completing its move to FM. It is a tremendous move forward for Laser and an exciting development for our company as we seek to build upon our firm foundations. The first few months of 2007 have been hugely exciting for Laser and really do mark a new era for the company."
Mr Reeve said: "We have set ourselves the ambitious target of owning 15 radio stations in three years. With this latest acquisition we are well on our way to creating a vibrant and lucrative commercial radio company."
"Ultimately, they are entertaining and fun. For a small station they have 'big station' editorial values and production values."
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