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Newly-promoted GWR executive chairman Ralph Bernard has played down concerns over the group's falling advertising revenue, choosing to focus instead on the opportunities offered to the radio group by the proposed relaxation of ownership regulations.
The radio industry expects to see the publication of a draft bill on changes to ownership rules in July and Bernard says GWR is poised to take advantage of any changes allowing the group to refocus its portfolio. "It is difficult to spell out what will change in the new laws as you can't second-guess government thinking," he says.
However, he adds that the radio industry is largely in agreement about the changes it would like to see to the existing points system, regarded for some time as being outdated. "it's been a long debate to reach a point where such a widely-spread industry has reached a ...