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Laser Broadcasting Goes from Strength to Strength with Further Acquisitions in Pipeline

As Laser Broadcasting enters its fifth year in business company bosses are reporting that the company is on course to achieving a £4 million turnover by the end of this year.

Not only is the company is set to announce its next round of acquisitions but has also reported that all existing radio stations are performing well, generating revenue and enjoying an increased audience.

In just a short time Laser Broadcasting, which has pledged to put the localness back into local radio, has gone from a bold fledgling broadcaster to a major player in local radio and related media providing a strong platform on which to continue to build.

Now the firm is set to acquire a further four radio stations taking total investment by the company to £8 million as part of its mission to make local radio more exciting, vibrant and relevant to the communities it serves.

Since it was set up in 2002 Laser has acquired prestigious brands such as Sunshine Radio, which covers South Shropshire, Herefordshire, Worcestershire, Quay West FM in Bridgwater, Minehead and Watchet, and the award-winning Fresh Radio in North Yorkshire.

It also recently won a new licence to broadcast in Herefordshire and Monmouthshire, which will be launched in October this year.

But they are not content to stop and congratulate themselves on their current performance and have set their sights on a further four stations to buy, revamp and reinvigorate.

Stuart Linnell, Director of Laser Broadcasting, said: “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 medallist Lord Colin Moynihan to be Non-Executive Chairman.

Utilising his vast business acumen and experience guiding various institutions and companies to success, he will guide the firm towards flotation on the stock market.

Laser also has far-reaching plans for the online element of its business. By autumn they will have overhauled their websites to offer more to both customers and listeners as part of their digital strategy.

For more information and to listen online log on at www.laserbroadcasting.com

-ENDS-

Editor’s Notes:

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