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ftm Radio Page - May 17, 2013

The Elegance Of Simple Strategy
gears Good management tackles hard choices. In these times of changing audience behavior and new platforms strategies are increasingly short-term and tactics mostly fleeting. Then, too, there’s the cost of it all. Brands matter but that’s not all.

 

 

Employees to take over bankrupt station
squatter’s rights?

Employees of Athens news-talk radio Flash 96 will be allowed to take over the bankrupt station. Media regulator National Council for Radio and Television (NCRTV - ESR) set conditions, according to radiofono.gr (May 15), for employees owed back salaries to form a new company by paying €500 each. The regulator’s decision came at its regular April 30th meeting but only made public this week (May 14).

If approved by the Greek government, as expected, the new company will take over the station’s existing license rather than receiving a new issue, which it will not be allowed to sell to a third party. The decision is the first instance of a Greek radio station license in bankruptcy passed to employees as creditors, according to local sources, with three others eying the process. Under Greek law employees owed back wages by a bankrupt company can petition to take over the company for a nominal sum. Private broadcasters association objected to the NCRTV decision.(JMH)

 


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