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