Crisis sees redundancies and departures of executives
AFTER A major financial crisis which saw the departure of its top
executives and numerous redundancies, Premier Radio, Britain's first
commercial Christian radio station, is to re-launch in February after
the Radio Authority approved a new programming format based on more
music and less speech.
In November the station's chief executive
Peter Meadows and programme controller Mark Seaman both made shock
exits from the station with the revelation that the station had
clocked up huge financial losses. Premier ran into difficulties soon
after its launch in June 1995 due to what it now calls "over-ambitious
station infrastructure involving excessive costs." The new management
led by David Heron, who has relinquished his post as a trustee to take
on the role of managing director have overseen the cost reduction
activities which have included several staff, including presenters,
being made redundant.
At the time of the station's launch, much
surprise was expressed at the station's aim to feature 60 per cent
speech in its programming. This has now been dramatically reduced and
music will now make up the major part of its programming. Commenting
on the Premier shake up David Heron said, "We accept that Premier has
had a difficult time. We believe the station is part of God's agenda
for London and the Home Counties and we are determined to succeed. Now
thanks to the renewed generosity of a number of supporters, we can
make a fresh start in 1996. Premier won an audience of 210,000
listeners a week in its first official RAJAR figures. We aim to build
on this and keep people listening for longer by developing a more
consistent sound with a change of programme style and a higher music
content."