Schawinski wants to save Radio 105
Radio 105 is struggling with financial problems and is on the verge of closing down. Music First Network, the company that operates Radio 105, Radio Monte Carlo Swiss, and Blue Sky Radio, filed its balance sheet with the bankruptcy judge on Monday. Roger Schawinski wants to step in to save the day.
Music First Network ran into financial difficulties at the beginning of last year. However, investor Daniel Hartmann was initially able to save the company from bankruptcy. Music First Network had made efforts to successfully market its stations, it says on its website and in Monday's announcement. However, the turnaround was not successful. The reasons cited are "significant market resistance" and "the difficult marketing situation of Radio 105." The company has therefore deposited its balance sheet with the bankruptcy judge. Radio 105 has been on the air since 1998. It was the first regional language youth radio station in Switzerland. In 2011, 2012 and 2013, it was named "Radio of the Year" at Swiss Radio Day.
Roger Schawinski submits rescue plan
Youth radio 105, which is licensed by the Federal Council, could be saved even after Music First Netzwork goes bankrupt, Radio 1 writes in a statement. The operator of the Zurich-based private station, Roger Schawinski, had submitted a plan to this effect to the Federal Office of Communications (Bakom) in recent days. According to the rescue plan, Radio 105's broadcasts are to be broadcast without interruption from Radio 1's studios. Radio 1 is also prepared to take on some of Radio 105's staff, he said. The station is also prepared to make a contribution to the bankruptcy estate so that the first-class creditors - especially the employees - do not go away empty-handed. Radio 1 would adopt the conditions defined in Radio 105's federal concession. By producing two radio stations simultaneously from one studio, costs could be adjusted so that Radio 105 could cover its costs for the first time. (SDA)
