Nigel Reeve, the managing director of London News Radio, has quit
his post following swingeing changes in the management of the
The devolution earlier this summer of programming to ITN and sales to
GWR’s Opus - both significant shareholders in LNR - radically diminished
Reeve’s responsibilities. He resigned to the board on Monday.
’With programming now at ITN and sales at Opus, I feel that I have taken
the company as far as I can,’ he said.
Reeve is thought to be in negotiations with financial backers with a
view to launching a new company and creating his own portfolio of radio
stations. The company is likely to bid for new licences and create its
own sales operation. Reeve would not comment on the speculation.
Reeve has a long history in radio, and joined LNR from Classic FM, where
he was the station’s first sales director. Before that, he was the
managing director of Kent’s Invicta, which he quit to set up a radio
He added: ’I have been at LNR for three years, during which time the
company has moved from making major losses to approaching break-even
last year. The changes will be a huge boost for the company, but it is
time for me to move on.’
As part of the changes at LNR, new heavyweight presenters will be
brought in to give its programming a higher profile. Its other station,
News Direct, will benefit from ITN’s sole input, and ITN itself will
use News Direct’s facilities for its planned 24-hour news channel,
rivalling BBC’s News 24.