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Quay West Radio set to fold
QUAY West Radio's broadcasting days in Bridgwater may be coming to an end after its parent company ran into financial difficulties.
The Laser Broadcasting Group, which owns Quay West along with nine other stations nationwide, faces court proceedings after a creditor applied for the company to be wound up.
Quay West is still currently broadcasting from its stations in Bridgwater and Watchet, but faces closure unless an offer comes in to take the licences over.
Regulatory body Ofcom said a petition to wind up Laser Broadcasting will be heard in the High Court in Leeds on Tuesday, October 14. The court has confirmed that Laser Broadcasting is due to appear there today.
A spokesman from Ofcom said: "We are monitoring developments closely.
“The company is keeping us fully informed, and is seeking to ensure that the radio stations are able to continue broadcasting in the best interests of their staff and listeners.
“In these circumstances, until the winding-up order is heard by the court next week we are aware that the stations may not be able to fully comply with their format requirements.
“We do not propose to take any formal action against the licensees during this period."
Founders of the Darlington-based group, established in 2002, include Nigel Reeve, the launch sales and marketing director of Classic FM.
No one from Laser Broadcasting or Quay West was available to comment so far.