Saturday, 11 October 2008

Future of Quaywest takes a twist in the High Court

THE fate of Quaywest 102.4 FM, West Somerset’s only commercial radio station, has taken another twist as its parent company applied to be placed into administration.
Laser Broadcasting, which owns nine stations nationwide, was facing a winding-up order in the High Court, in Leeds, yesterday.
But the company is understood to have applied for administration procedures before the court could hear the winding-up order.
Now, the application by Laser is due to be heard in the High Court on Friday, October 24.
The attempt to liquidate Laser was made by one of its creditors, Gateshead-based venture capitalist Capital North East No1 Ltd Partnership.
But Laser, based in Darlington, made a pre-emptive application of its own to be placed into administration.
Watchet-based Quaywest has continued to broadcast, although staff are understood not to have been paid since July, and its website and email facilities have been withdrawn.
Its sister station in Bridgwater, Quaywest 107.4 FM, previously known as BCR FM, has been in a similar position.
Laser Broadcasting’s other seven stations are Bath FM, Brunel FM, three Sunshine-branded stations in Ludlow, Hereford and Worcester, and Hereford/Monmouth, Fresh Radio, in the Yorkshire Dales, and 3TR, based in Warminster.
One of the founders of Laser in 2002 was Nigel Reeve, who was the launch sales and marketing director of Classic FM.
Nobody from Laser was available for comment.

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