Information  X 
Enter a valid email address

West 175 Media Grp (WEP)

  Print      Mail a friend

Monday 10 July, 2000

West 175 Media Grp

Acquisition

West 175 Media Group Inc
10 July 2000

  WEST 175 MEDIA GROUP INC: RADIO AND TV STATION ACQUISITIONS IN NEW ZEALAND
                                       
West  175 Media Group Inc, ('West 175' or 'the Company'), the lifestyle  media
group  listed  on  AIM, announces that it has acquired a  radio  frequency  in
Christchurch  in  New  Zealand  to be called 'Radio  Canterbury',  which  will
operate alongside its existing CHTV television station in Christchurch.

In  addition,  West 175 has purchased a license from Channel 56 for  NZ$56,000
(UK£17,413) to establish a TV Station north of Wellington.

These transactions represent West 175's entry into the radio sector and follow
the acquisition of stakes in two local commercial television franchises in New
Zealand  in 1999. Since then, West 175's television franchises have  benefited
from their first year of consolidation. Group advertising is up 76 per cent on
an  annualised  basis  and audience share has increased  in  the  Christchurch
television franchise by 12 per cent.

Set  up  costs  for the new radio station in Christchurch, to be called  Radio
Canterbury, will be NZ$500,000 (UK£155,477). Broadcasting commenced on Sunday,
25  June.  Programming will be talk-led, with local news information and  some
music,  and will draw from the content of CHTV. West 175's own local newspaper
in  Canterbury,  The  West  Times, and CHTV, will  actively  promote  the  new
station.

Said  Rohan Courtney, Chairman of West 175: 'These acquisitions represent good
examples  of  our  ability  to  create, at  reasonable  price,  in-fill  media
propositions from within our existing operation. In addition,  it allows us to
leverage our local content in Christchurch.'

Radio  Canterbury  will be the only locally-run service in Christchurch,  with
competitive  services from Auckland. Air shifts will initially  be  Monday  to
Friday.

Commenting,  John McEwen,  Chief  Executive  of  West 175  said: 'With  CHTV's
already established  credibility and  our ability  to cross  promote and cross
sell, Radio Canterbury  should  prove a success. We  expect a  return on  this
investment in its second year.'

Channel  56,  transmitting  from  the  Wharite  Peak,  Palmeston  North,  near
Wellington,  has  been  acquired by West 175 subsidiary  West  Media  Services
Limited   ('West  Media')  from  Telsat  Transmission  Company  for  NZ$56,000
(UK£17,413).

West Media plan to also establish a television station covering the region  of
Manawatu.

West 175 owns the world's fifth oldest and oldest ISP in New Zealand, reaching
over  10,000  subscribers, 30 per cent of which are business to  business  and
growing  rapidly.  It  is profitable and has a highly web-literate  management
team,  which will be deployed across the Group. Customers include  The  Inland
Revenue,  Ministry  of  Defence, Internet Society of New  Zealand,  Wellington
Newspapers, the US Embassy and the French Embassy.


Editor's note:

West  175 Media Group Inc. is a world-wide media company specialising  in  all
aspects   of  lifestyle  broadcasting,  programme  production,  merchandising,
publishing  and  live  events. It concentrates its activities  in  the  United
States, UK and New Zealand and employs some 300 people worldwide.

The  company's activities extend from the production of corporate  and  public
live events, television and consumer programme production and broadcasting, to
product fulfilment, merchandising, publishing, e-commerce and Internet service
provision.

For further information contact:
Rohan Courtney, Chairman, West 175 Media Group Inc.              020 8398 7175
                                                     Mobile:     07879 498 544
Peter Binns, Binns & Co. PR                                      020 7786 9600