ITN to move into radio with hourly news service
In a deal announced yesterday, ITN bought the 18 per cent stake in Independent Radio News Holdings formerly owned by LBC, the London news-based radio station, and won a three-year contract to supply the service.
ITN will take on most of the 38 staff contracted to Independent Radio News, currently the main news provider to commercial radio, which till now has been based at LBC, and transfer them to its under-used offices in Gray's Inn Road, central London.
Mervyn Hall, an ITN executive who was in charge of ITN's abortive attempt to set up a commercial radio news service two years ago, will become chief editor. ITN is now expected to take part in a consortium to bid for the third national commercial radio franchise, which has to be speech-based.
The outcome of this franchise could be vital to commercial radio's future. There is concern that under recessionary pressure it is turning into the juke box of the air, rather than offering a credible alternative to the BBC, whose local radio stations offer 80 per cent speech output.
John Perkins, editor and managing director of IRN, who will run the new service, said yesterday ITN planned to make few changes to the service, though it would benefit from the extra resources of ITN.
Under the deal, Crown Communications, which runs LBC, has sold all its 40 per cent stake in IRN. The balance, after ITN's stake, has been taken by other commercial radio companies.
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
British man confesses to slitting two children's throats in Lyon flat
World news in pictures
'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
Revealed: Eerie new images show forgotten French apartment that was abandoned at the outbreak of World War II and left untouched for 70 years
- 1 Heading for America? Prepare for the longest US immigration queues ever
- 2 Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
- 3 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 4 'Swivel-gate': David Cameron goes to war with the press over 'swivel-eyed loons' slur
- 5 It’s official: thanks to Stephen Hawking's Israel boycott, anti-Semitism is no more
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
Excellent Package: Austen Lloyd: This is a senior appointment with huge potent...
£28000 - £31500 per annum + benefits: Randstad Education Newcastle: Permanent ...
£50000 - £58000 per annum + Benefits and Bonus: Progressive Recruitment: SAP F...
£30000 - £40000 per annum + BENS: Progressive Recruitment: Drupal Developer A ...