PMA PMN
PMA
Primedia Limited - Radio 702 Secures Lucrative Fm Frequencies
Primedia Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/003355/06)
Share code: PMA & ISIN: ZAE000035119
Share code: PMN & ISIN: ZAE000035127
RADIO 702 SECURES LUCRATIVE FM FREQUENCIES
In a letter received form the Independent Communications Authority of South
Africa (ICASA), Radio 702 has been granted the application for the amendment of
its commercial licence to allow the station to migrate to FM frequencies 92.7
MHz in Johannesburg and 106.0 MHz in Pretoria. The station should be re-launched
in the next six months.
702 will also be allowed a 12 month period of "double illumination". This means
the station is allowed to continue broadcasting on both the AM and FM
frequencies for a period of one year.
Primedia Broadcasting will now operate 2 FM licenses in the Gauteng region, the
other station being South Africa"s leading commercial radio station, 94.7
Highveld Stereo.
William Kirsh, CEO of Primedia, said "This is fabulous news and probably the
most defining moment in 702"s history since inception and one of the big
highlights in our broadcasting history. I have no doubt that its vastly improved
signal will better serve our listeners and its overall viability."
Kuben Pillay, CEO of Primedia"s advertising businesses stated "This development
will now enhance Primedia Broadcasting"s stature as South Africa"s leading
commercial radio broadcaster. With 702 going onto FM, Primedia"s four radio
stations across the Johannesburg and Cape Town markets will better serve
advertisers."
Primedia Broadcasting Executive Chairman Dan Moyane said "This is a landmark
decision by ICASA, which we are very grateful for. It has been a long road for
us, but the hard work has paid off. We look forward to broadcasting Radio 702"s
compelling content to all our loyal listeners, who have persevered with a very
poor signal for so long".
Contact: Kuben Pillay 083-225-6611
Sponsor
Investec Bank Limited
Date: 24/03/2006 01:40:02 PM Produced by the JSE SENS Department
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