Bad time for Radio Windy
1 The unaudited net profit of Capital City Radio, Ltd, I at $12,539, was more than halved in the six months to 1 April 30. Additional exceptional expense has been claimed — arising from the case to the New Zealand Broadcasting tribunal—of $17,000, and at this date has been treated as a contingent liability, the directors say. The management changes and general publicity have been difficult for the company during this period, they say. The company is pleased to announce that Mr Rob McKay, a Wellingtonian with 11 years experience in Australia will begin as general manager from August 1. After the favourable decision of the new broadcasting tribunal, the company has issued 120,000 50c shares to Radio Hauraki at a premium of 25c a share. Mr C. R. Bidwill and Mr M. Friedlander have been appointed directors of the company.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19780729.2.107
Bibliographic details
Press, 29 July 1978, Page 19
Word Count
145Bad time for Radio Windy Press, 29 July 1978, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.