ftm Radio Page - October 31, 2014

Another station emerges from financial abyss
More are still underwater

Athens dance radio station Best Radio 92.6 will be returning to the airwaves. The station went bankrupt two years ago and hung on for another six months before vacating operations. The last several years have been tough on smaller private sector broadcasters and even the big ones.

A Greek law treats vacant FM licenses like vacant houses and former employees can re-open a radio station by simple registration. “A publisher,” reported radiofono.gr (October 28), is providing financial backing. Former general manager Lina Vassilopoulou is also returning. Best Radio, originally launched more than 30 years ago, could be back on the air by the end of November. (See more about media in Greece here)

Assets of Best Radio and Athens station VFM were seized in March 2013 by liquidators for Eurobank when owner Lymperis Group took advantage of bankruptcy protection. Employees hadn’t been paid for several months and began the process of seizing the remaining asset – that FM license. Ex-employees of bankrupt Athens station Nitro FM acquired its FM license asset last year. It is expected that ex-employees of VFM will follow in the same footsteps.

Greek media watchers estimate between 30 and 90 FM licenses remain vacant, many from the closure of regional stations of shuttered public broadcaster ERT.

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Recently added radio audience figures and resources

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• Switzerland - French region Radio Audience (January 2014)
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• Switzerland - Swiss-German region Radio Audience (January 2014)
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• France - National Radio Audience (July 2014)
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• Germany - Radio Audience (July 2014)
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• Greece - Major Media - Radio Broadcasting (June 2014))
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• Portugal - Major Media - Radio (May 2014)
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• Italy - Major Media - Radio Broadcasting (March 2014)
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