Monday, February 12, 2007

Heart murmurs

The future of Heart and Galaxy is up in the air this morning as owners Chrysalis announce a review of their business. Amongst the possible options are a demerger of the radio and music divisions:

Chrysalis chief executive, Richard Huntingford, added: "The latest Rajars and current trading confirm that we start this process from a position of considerable strength.

"We have no preconceived view on the outcome of the review, other than a commitment to ensure Chrysalis Radio's participation in the long-term development of the UK radio sector and thereby deliver the greatest benefit to all stakeholders, including shareholders, listeners, advertisers and employees."

Our instinct here - and forgive us our cynicism - is that the second on that list of stakeholders might be lowest in list of priorities.