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Media
New management close TLRC’s HQ
By CMU Editorial | Published on Wednesday 8 July 2009
The High Wycombe HQ of The Local Radio Company is to close, with up to 30 employees expected to lose their jobs. It’s the latest cutback at the local radio firm since rivals UKRD took a majority stake in the company earlier this year and took over day to day management of the company.
UKRD and TLRC CEO William Rogers said yesterday that the company would try to redeploy some of the staff previously based the High Wycombe office, but admitted there would be redundancies. As previously reported, Rogers has already sold off three of TLRC’s stations, Arrow FM, Soverign Radio and Fire Radio, while last week they shut down Mix 107, the local station based at the company’s High Wycombe HQ.
It’s thought Rogers would still like to fully merge UKRD and TLRC, a move that would presumably enable further cost cuts. That, though, would be easier if he could get 100% ownership of TLRC, but the firm’s other big shareholder, Hallwood, who used to control the company, are still refusing to sell their share.
