End of the Road for Rossendale Radio
|Author: Christine Smith||Published: 6th March 2012 08:10|
Rossendale Radio has today broadcast its last spoken word.
A studio filled with energy and optimism:
The launch of Rossendale Radio in May 2010
Despite proving popular with listeners, the radio station, which launched in May 2010, has been hard hit by the recession and experienced financial difficulties. Despite attempts to find new ways of working that would save the station, Rossendale Radio went off air at 3.00pm today.
In a statement on the radio's Facebook page, Rossendale Radio said: "As you may be aware, Rossendale Radio has experienced financial difficulties for the past 18 months. Despite the best efforts of a number of individuals and organisations to resolve the issues, it has been made clear that the problems are insurmountable and it is with deep regret that Rossendale Radio is being forced to close down.
"Following meetings and discussions with an independent financial advisor, involving the staff members of Rossendale Radio Station Limited, Agapao International and REAL, it was made apparent that Rossendale Radio is not viable and it is with great sadness that Rossendale Radio must cease live broadcast from 3pm on Monday 5th March 2012.
"The team involved would like to take this opportunity to thank everyone for your support.
"For any further information please contact the radio station office on 01706 229 899.
"For all associated financial queries, please contact Beevers & Struthers Chartered Accountants on 0161 832 4901."
Following the announcement, the fondness that the people of Rossendale feel for Rossendale Radio was apparent, with heart-felt messages being left on their Facebook page.
Chairman of REAL Hazel Harding said: "It is with deep regret that REAL was informed of the decision to close Rossendale Radio.
"I would like to make it clear that REAL did not make the decision to close the station. REAL set up a separate company Rossendale Media Limited in February to seek a way of securing the future of the Rossendale Radio and to guarantee it maintained trading until a solution was found.
"We were aware that it was a popular local resource that was serving a community need and Rossendale Media Limited had begun to undertake a due diligence exercise to examine the company and create a plan to secure it's future viability.
"We put in place a team of experts to look at all aspects of the business but unfortunately this process was suspended last week due to circumstances beyond our control.
"We, like many others in Rossendale, are very disappointed that the station has had to close."