Laser to buy four more
Laser Broadcasting are celebrating five years of acquisitions by setting their sights on buying four more local radio stations. Since the company was formed in 2002 they have applied for almost a dozen licences but won only one – for Herefordshire and Monmouthshire – which they plan to launch in October.
Stuart Linnell, Director of Laser Broadcasting says the future is bright for the company: “What we have achieved so far is more than we ever bargained for but we are not complacent.
“We are a very different company to the one which was launched back in 2002 and our forthcoming plans will take us once again onto a different plane. To achieve what we have in such a short time — particularly in an industry as volatile as the broadcasting industry is no mean task and is very much down to the foresight and vision of our Chief Executive Nigel Reeve and fellow board members.
“What it does prove is that our formula of putting the localness back into local radio works. Our future looks very bright indeed.”
Laser Broadcasting has set itself the goal of owning a minimum of fifteen profitable radio companies within the next three years through acquisition and licence awards.
A key component of the company’s bold expansion plans was the appointment of former Conservative and Olympic silver medalist Lord Colin Moynihan to be Non-Executive Chairman.
Laser owns Fresh Radio in Yorkshire, Quay West Radio in West Somerset and Sedgemoor & Bridgwater, plus Sunshine Radio in Ludlow and Herefordshire & Worcestershire.
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