Colin and Edith radio show to end
DJs Colin Murray and Edith Bowman are to end their three-year Radio 1 partnership as part of an overhaul of the station's schedules.
Bowman will now host their 1300 to 1600 weekday slot alone, while Murray is to present a show offering new music from Mondays to Thursdays at 2200.
New shows focusing on particular music genres and presented by experts are to run at 2100 on those four nights.
Most of the schedule changes are due to come into effect on 25 September.
'Evolution'
Murray said: "I'm grateful to be given the chance to front a show that really hits those turned-on, engaged evening Radio 1 listeners."
The programme would be "exciting and personal and it's going to show a blatant disregard for musical pigeon-holing", he said.
Bowman, whose Radio 1 partnership with Murray began with the Saturday breakfast show in 2003, said: "I'll miss our daily banter but I'm on cloud nine at what lies ahead and the incredible opportunity I've been given."
Her afternoon show would be an "evolution of the present one", she added.
Other changes include:
New signings Eddie Halliwell and Trophy Twins to present club music shows
Chris Coco and Fergie to leave the station, though Fergie to continue to put together Essential Mixes
A 1Xtra showcase to highlight the best new black music
Specialist music output to increase by four hours a week overall
Station controller Andy Parfitt said the changes to specialist programming would offer a "broader range of content".
"We believe that this and the amazing talent line-up will help even more listeners to come and sample the wealth of distinctive specialist shows Radio 1 has to offer." (Posted 30 June 2006)
Former Xfm chief takes senior role with Nordic...
Graham Bryce, former managing director of GCap Media stations Xfm, Choice FM and Capital Gold, has been appointed as senior vice-president of the SBS Radio Group in Amsterdam.
Bryce, who was credited with the rise of the indie radio station Xfm, which now has stations in London, Manchester and Scotland, will have full responsibility for the group, focusing on developing SBS stations including Radio 1 Oslo in Norway and Radio City 107.3 in Sweden. Patrick Tillieux, chief operating officer and acting chief executive officer of the SBS Broadcasting Group, said: "Graham is a highly successful and experienced radio operator with a proven track record of building radio stations across different music formats and markets. "He will play a major role in expanding SBS's existing stations and in enhancing SBS Radio's leading position in the high-growth markets in the Nordic region and Central and Eastern Europe." (Posted 30 June 2006)
'ere Wossy, do you have problems 'avin' a sh*t?
Jonathan Ross has hit back after criticism of his conduct during a recent interview with Conservative party leader David Cameron.
Ross asked Mr Cameron if he had had schoolboy sexual fantasies about former Prime Minister Margaret Thatcher.
"I stand by it. It was a perfectly valid question," Ross told BBC Radio Five Live.
Former Tory minister Lord Tebbit called the interview "obscene". The BBC received 21 complaints.
Ross said his show did not set out to upset people.
"I wouldn't want to do that, even though upsetting Norman Tebbit has given me some small sense of satisfaction because he's spent 12 years upsetting me," he joked.
Side-stepped
"If Mr Cameron had felt awkward about that question and answer sequence we would have removed it, but none of his people thought it was a problem and neither did the people I work with, so that's why we didn't," he added.
Mr Cameron changed the subject when asked if he had fantasies about Lady Thatcher "in stockings", and later laughed off another suggestive question.
The exchange took place during last week's BBC One show, Friday Night With Jonathan Ross.
Lord Tebbit said on the BBC's Sunday AM that Mr Cameron had made an "awful mistake" by appearing on the Ross show.
He said Mr Cameron had been "thoroughly embarrassed by Ross using the occasion for making an obscene attack on - and I use the word literally, obscene - on Margaret Thatcher".
"He should never have been there," he said.
The BBC said it stood by the interview, screened after the 9pm watershed.
(Posted 29 June 2006)
The Captain gets millions when his ship goes down
Radio group GCap Media is heading for a row with shareholders over its controversial £1.13m payoff to former chief executive David Mansfield.
One investors' group condemned the payoff, which was given as "compensation for loss of office" following Mr Mansfield's resignation in September.
Pensions Investment Research Consultations (Pirc) said the problem lay in Mr Mansfield's contract, which it said was "outside market norms".
"The contract itself was excessively generous, its stipulations were not appropriate in terms of current market practice," a Pirc spokesman said. "That's what we would condemn rather than the fact that the company made the payments."
Pirc, along with other investor bodies, will scrutinise GCap's remuneration report before offering advice to members on how they should vote at the company's annual general meeting next month.
GCap has said that the contract under which Mr Mansfield was given the payoff was a legacy of his tenure at Capital Radio, which merged with GWR last year.
Three of Mr Mansfield's former colleagues - Linda Smith, Peter Harris and Paul Davies - were also paid a total of £1.47m in severance fees.
"The contracts for the former executive directors were negotiated back in 2001; a time when the market was significantly more buoyant," GCap said in a statement.
"The pay-offs were contractual and were made as a consequence of the board's decision that these former executives were 'good leavers' and were choosing to leave the company by mutual agreement.
"Their contracts entitled them to 95% of the sum of 12 months' salary, from the date of notice, and the value of any other benefits they were entitled to over that period such as annual bonus schemes, other incentive schemes and pension payments."
Capital Radio's final remuneration report caused controversy with shareholders: one- in-four investors voted against the half-year report in October.
Mr Mansfield was paid £1.6m last year, including the £1.13m payoff and a bonus of £285,000, despite lasting only four months.(Posted 27 June 2006)
Chairman of GCap Media apologises for £2.6m payouts
It's agonizing to see something you love ending ... being ended ... changed beyond recognition ... and I think it's fair to say no one really knows what the Government's intentions are towards our media. As with the sale of British airports to a European concern it looks likely that a foreign company, possibly America's Clearchannel, possibly Murdoch will step in and buy GCap. The Directors and Board will love it ... another handsome payday, but the patriot realizes that another part of our national make-up will slip further out of our grasp.
One thing is certain the GCap story is one unholy mess.
How could it be possible for such experienced and highly paid industry leaders to manage their business so badly?
Sell it and start again? Sell it and retire ?? The story continues ...
Alastair Ross Goobey, the chairman of GCap Media’s remuneration committee, apologised to shareholders yesterday for authorising £2.6 million in severance payments to ousted directors at the radio company behind Capital and Classic FM.
The non-executive, best known as a champion of corporate governance, issued an unprecedented “explanatory statement” offering a “full explanation” for the sums paid to David Mansfield, the former chief executive, and other former colleagues.
Mr Mansfield, who left last September after a “him or me” clash with Ralph Bernard, GCap’s current chief executive, walked away with the largest sum, worth £1.8 million in total, including a £1.13 million payoff.
The remaining £1.46 million in payments for the loss of office were shared by Peter Harris, Paul Davis and Linda Smith, all of whom worked for Capital Radio, which merged with GWR last year to form GCap Media.
Mr Mansfield, Mr Davis and Ms Smith all left after the tie-up, which turned out to be a disaster, as long-running problems at Capital 95.8 in London were exacerbated by a weak advertising market.
Mr Ross Goobey conceded that the payoffs were “substantial,” amounting “to more than 2.5 times base salary”. He said: “One might expect . . . an executive serving on a contract with a notice period of 12 months would be entitled to less than this.” However, he insisted that the £2.5 million payout was “a consequence of the contracts” that the former employer Capital Radio had entered into in January and February 2001 at a time when he was not chairman of the committee, and when “securing the services of management was more difficult”.
The contracts stipulated that executive directors leaving on good terms were entitled to 95 per cent of 12 months’ salary plus the value of other benefits including bonus. Such contracts have now been scrapped by GCap, Mr Ross Goobey said in his apology, contained in the company’s annual report.
Since GCap was formed in May last year its shares have fallen 6 per cent, with bid speculation propping up the price. Mr Bernard earned £718,000 last year, during a period in which GCap lost £47.9 million (£6.4 million profit).
(Posted 27 June 2006)
Here's a lot of money, go quietly
GCap Media's former chief executive David Mansfield received a £1.13m pay-off after resigning from the UK's biggest radio group on September 19 2005, according to the company's annual report published today.
Mr Mansfield was paid the sum in compensation for loss of office, after a boardroom battle for control between GWR and Capital Radio - which merged to form GCap in May 2005 - was won by GWR's Ralph Bernard, who then took over Mr Mansfield's role.
In total, Mr Mansfield was paid £1.64m for the year 2005-06, including a £285,000 bonus. He also received £10,450 towards his legal costs following the termination of his contract and £13,000 of benefits in kind.
He continued working for the company until January 31 2006.
Mr Mansfield also left the company with 146,374 shares and 307,170 conditional share awards, worth more than a million pounds at today's share price of 228p, as well as options on another 290,917 shares.
And as part of his severance agreement, Mr Mansfield was credited with an extra year's service within the company's pension scheme for which he received £25,645 on top of the £88,839 the company contributed to his personal pension plan over the year, bringing total pension contributions to £114,484.
The pay-offs handed to former commercial director Linda Smith and operations director Paul Davies - also Capital Radio executives who both resigned at the time of the merger on May 9 2005 - are also detailed in the annual report.
Ms Smith received a £596,000 pay-off, a bonus of £140,000 and £1,500 towards legal costs and benefits in kind which included £8,664 in untaken holiday pay. Her total pay amounted to £774,000.
Mr Davies received a £511,000 pay-off and a £151,000 bonus and £1,500 for help with legal costs, with his overall package totalling £691,000.
Peter Harris, Capital's former finance director, received a £358,000 pay-off.
The report includes a statement about the payoffs, made because "shareholders deserve a full explanation of the payments" which centres on the robust nature of the contracts held by the former Capital Radio employees, and assured investors that no current executive has this type of contract.
Last October, GCap felt the wrath of investors as one in four of voted against the company's remuneration report.
Remuneration has been a key battleground between companies and their shareholders in recent years.
The "explanatory statement" reads: "The payments are substantial and amount to more than 2.5 times the base salary. One might expect that an executive serving on a contract with a notice period of 12 months would be entitled to less than this.
"However, the payments are a consequence of the contracts under which the executive directors served, dated January and February 2001.
"Shareholders will recall the environment for media companies at that time, where securing the services of management was more difficult in the sector."
The statement continued: "The board of GCap Media made the decision that the executive directors concerned were 'good leavers', in that they were not dismissed for cause.
"The contracts were quite explicit in the terms of the severance payments on termination."
IT added that "the only non-contractual payments made were in respect of a compromise agreement that prevents any claim for constructive or unfair dismissal, plus a small contribution to the executives' legal costs, made directly to the lawyers concerned. These were modest.
"If the company had paid the executives on a monthly basis during the period of notice, there was a possibility that the overall payments might have been even larger."
Shareholders were assured that "no current executive director of the company has such a contract, and the remuneration committee would not recommend the board to award such contracts in the future."
The report reveals the pay packet of Mr Bernard, the current chief executive, to be £718,000 for the year, made up of £292,000 in bonuses and £23,000 of benefits in kind, which include company car allowance and medical health cover for him and his family. His salary and fees totalled £403,000.
The GCap operations director, Steve Orchard - a former GWR executive appointed to his current role on November 24 2005 - picked up a £269,000 package, including £172,000 in the form of a bonus and £93,000 in salary.
The finance director, Wendy Pallot, received a £416,000 salary - of which £156,000 was a bonus.
GCap Media has paid bonuses totalling £1.3m to the three current, and four former, executive directors just a week after reporting a pre-tax annual loss of £47.9m.
Pro-forma results for the year to March, which stripped out one-off costs and assumed that the merger took place a year earlier, showed a 40% fall in pre-tax profits to £22.2m, on revenues of £220.2m, down 12.7% on the same period last year.
A total of £2.6m was paid in compensation for loss of office, with total remuneration costs for the seven coming to £5m.
A further £377,000 was spent on the salaries for existing and previous non-executive directors.
(Posted 26 June 2006) |