On air for business

Article Abstract:

Commercial radio broadcasting in the UK has only been in existence since 1973, and there were only about 50 stations until the addition of 23 "incremental" radio stations starting in Nov 1988. The commercial radio stations are regulated by the Independent Broadcasting Authority, which constructs and maintains transmitters and charges the stations a rental fee to recover its costs.The Broadcasting Bill will fundamentally change the regulatory regime by creating a three tier system regulated by the new Radio Authority and will consist of three national commercial radio networks, the local system, and a new tier of community stations. Radio advertising grew steadily during the late 1980s, but has slowed down recently, but two factors will make the future of commercial radio broadcasting a bright one: the availability of new FM frequencies, and the fact that radio advertising is underutilized at present.

Radio broadcasting, Radio advertising

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Asset stripping by decree?

Article Abstract:

Privatization of UK state-controlled industries has its roots in the 1970s in the governments of Edward Heath and James Callaghan, but has been accelerated under the government of Margaret Thatcher in the 1980s. The imminent privatization of the water and electricity industries presents the question of whether privatization has gone far enough. Privatization was executed in order to: increase efficiency; expand share ownership; and to raise revenue. Many previous privatization efforts have been marked by compromises that protect the vested interests of various parties. The electorate will ultimately decide whether privatization has been a success in the next election, by which time the privatization of electricity and water will be accomplished.

Economic policy, Privatization, Privatization (Business), Thatcher, Margaret, Heath, Edward, Callaghan, James

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Heron's feathered nest

Article Abstract:

Heron International, the UK's second largest privately-held company, is a real estate developer and one of the largest non-oil company-owned gasoline retailers in the UK. Heron, which increased its net worth by 50% in 1988, largely due to a property reevaluation, is putting its financial services ventures on hold. The company is planning to sell the Pima Savings & Loan (Tucson, Arizona) as soon as the S&L market in the US improves. The management of Heron believes that the company's financial services sector, which is based on selling through a brokerage network, will not fare well in the broader single European market of 1992.

Planning, Finance, Accounting and auditing, Single European market, Heron International PLC, Pima Federal Savings and Loan

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