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That's the end of local radio

Re: That's the end of local radio

Quote:

Originally Posted by 007stuart (Post 35984533)

Shocking

https://www.bbc.co.uk/news/entertainment-arts-47371616

Generally speaking, the primary goal of private companies is to make as much profit as possible (in fact this is a legal requirement of directors). Even things like improving customer service are done with this in mind.

Add the relaxation of the regulations into the mix to aid private companies and this is the result.

If the BBC were to be scrapped or neutered (as some would like) this situation would reflect the whole of the broadcasting landscape.

I do feel for the staff (including office & support staff), though I doubt Roman Kemp will be going hungry if he's one that gets the chop!

Re: That's the end of local radio

Quote:

Originally Posted by 007stuart (Post 35984533)

Shocking

https://www.bbc.co.uk/news/entertainment-arts-47371616

I left radio in 2007 and could tell the credit crunch of 2008 began the end of local radio. I'm only surprised it's taken so long and believe me this isn't the end of such amalgamations.

Re: That's the end of local radio

Quote:

Originally Posted by RichardCoulter (Post 35984536)

Generally speaking, the primary goal of private companies is to make as much profit as possible (in fact this is a legal requirement of directors). Even things like improving customer service are done with this in mind.

Add the relaxation of the regulations into the mix to aid private companies and this is the result.

If the BBC were to be scrapped or neutered (as some would like) this situation would reflect the whole of the broadcasting landscape.

I do feel for the staff (including office & support staff), though I doubt Roman Kemp will be going hungry if he's one that gets the chop!

Myth - belief, not law...

https://www.taxresearch.org.uk/Blog/...-to-avoid-tax/

Quote:

So what is abundantly clear is that in UK law there is:

a) No duty to maximise profit

b) No duty to minimise tax bills

c) A clear duty to exercise judgement.

https://www.telegraph.co.uk/finance/...only-duty.html

Quote:

First, the law.

The Companies Act 2006 Section 172 requires directors to promote the success of the company, but with regard to six factors:
the likely long-term consequences of a decision;
the interests of employees;
relationships with suppliers and customers;
the firm’s impact on the community and the environment;
its reputation for high standards of business conduct;
and the need to act fairly between shareholders.

The effect is precisely to prevent managements from automatically pleading a duty simply to maximise shareholder value.

https://www.icsa.org.uk/knowledge/go...purpose-profit

You appear to be misinterpreting Section 172(1) of the Companies Act 2006, which defines a director’s duty ‘"to promote the success of the company for the benefit of its members as a whole’, while having ‘regard to’ various other stakeholder interests. ".

"Promoting the success of the company" is not the same thing as "make as much profit as possible" - I would have thought you would have known that, having been the director of a company?

As an (slightly tongue-in-cheek) aside, if, as you say, Directors have a legal requirement to make as much profit as possible, doesn't that mean they should pay themselves less, thus increasing the company profits? :D

Re: That's the end of local radio

Ooops :dunce: :sniper: :D

Re: That's the end of local radio

Quote:

Originally Posted by Russ (Post 35984543)

I left radio in 2007 and could tell the credit crunch of 2008 began the end of local radio. I'm only surprised it's taken so long and believe me this isn't the end of such amalgamations.

The credit crunch was the reason you left Russ, it wasn't the fear of being waxed again... :erm: :)

Re: That's the end of local radio

Its good to see the BBC still have local radio stations. I like to know what is going on where I live.