Ofcom Starts Review Of National Analog Stations' License Renewal, Fees
October 6, 2010 at 4:25 AM (PT)
U.K. radio regulator OFCOM has announced the start of its review of the pending renewals of the three analog Independent National Radio licenses (UTV Sports TALKSPORT, ABSOLUTE RADIO's eponymous Rock station, and CLASSIC FM). The licenses were last renewed in 1999-2000 for eight year terms.
The review will determine new financial terms for each license, tied to a determination of what OFCOM would have gotten in fees had the license been opened to auction, plus a percentage of the stations' revenue. The stations are expected to try to get their fees reduced; CLASSIC FM pays 50,000 pounds a year plus 6% of ad revenue per year, while the others pay 100,000 pounds (based on having additional analog licenses on AM in LONDON).