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www.grantgoddard.co.uk April 2006
Television company Complete Communications Corporation [CCC] announced last week that it was seeking a possible £50m buyer for its 'Who Wants To Be A Millionaire?' programme and is also looking for management buyouts of its Celador Prodcutions and Celador International divisions. CCC chairman Paul Smith explained: "I have been at the helm of Celador for over twenty years and it is no secret that I have, for some time, wished to reduce my responsibilities within the television division to allow me to focus my attention on opportunities within radio broadcasting and film production.” Smith had unsuccessfully applied four times for London radio licences to open a rock music station in the late 1980s and early 1990s. More recently, Celador Radio Broadcasting Ltd (in which UBC plc has a 15% shareholding) has applied for new Ofcom local FM radio licences in Edinburgh, Belfast, Manchester, Solent and Northeast England. Its application for the last of these areas proposed an easy listening station aimed at a 45+ year old audience, to be managed by a board that includes UBC director Tim Blackmore, former 'BBC Radio Two' controller James Moir and former 'Metro Radio' director Giles Squire. The winner will be announced by Ofcom next week.
[First published in 'The Radio Magazine' as 'Smith To Re-Focus Celador On Radio', #730, 5 April 2006]
Grant Goddard is a media analyst / radio specialist / radio consultant with thirty years of experience in the broadcasting industry, having held senior management and consultancy roles within the commercial media sector in the United Kingdom, Europe and Asia. Details at http://www.grantgoddard.co.uk
News: Celador Group To Exit TV Production And Re-Focus On Films And Local Commercial Radio ©2006 Grant Goddard