radionow left rad   radionow left rad
filler radionow logo (click here for the home page) Why not visit this site?
filler   radionow left rad

radionow left rad go to the home page home
radionow left rad listen online now to the uk's radio stations listen live now
radionow left rad more than 300 uk stations listed by area station directory
radionow left rad the latest radio industry news latest radio news
radionow left rad new stations & those just launched air today
radio your letters and comments welcome feedback
radionow more features from features go home  
ukradionow go home  
the address of this site is

Friday, 3rd August 2001

Downturn in radio advertising forces rethink at internet venture

GWR Group plc has put a hold on development of its internet venture for the foreseeable future, following the downturn in radio advertising. The standalone website network, whose primary purpose is to act as a radio and information portal for its portfolio of FM radio stations across England and Wales, only launched at the beginning of the year.

With little sign of recovery in advertising spending, Ecast Ventures, the online division of GWR Group plc set up specifically to develop the radio portal, will instead concentrate purely on
promotion of its local radio stations and providing local information through in the future.

The cutbacks at have already resulted in 46 job losses, which will save the radio group 1.3 million. Recently, shares in the radio group hit their lowest since November 1998 at 204p, but have bounced back slightly since the announcement that the company is to discontinue development of until the advertising market stabilises. Only a handful of the affected workforce at have been offered a move from internet sales to radio sales.

It is understood initial investment in stood at around 5.3 million. Microsites for stations in North Wales had been expected to go live within the next few weeks, however it is now unlikely these will be launched until work is restarted on koko.

Related links:, now a slimmed-down site until further notice.

back to news index | home