Cornwall's 105 to 107 Itchy FM - Ofcom Licensing

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Martin Dallaghan Current directorships IMD Radio Cornwall Ltd Interactive Media Developments Ltd IMD Radio Ltd Itchy Media Ltd TrustTheDJ.com Ltd Amberland Ltd t/a University Media The Student Planner UK Ltd Martin has worked at board level across the media industry in radio, publishing & new media. Martin’s unique combination of experience and entrepreneurialism has been instrumental in the development of the IMD Group, specifically its marketing led approach to multi-channel youth communications. Martin’s longstanding interest in youth culture (trend spotting and market perception), formed the basis of his career in media management, and have been of huge importance in the development of IMD’s portfolio of media. In 1994 Martin founded an Event Promotions company in Oxford and ran a number of successful music events in the Midlands in partnership with local venues and promoters. He launched a local listings magazine for Oxford – “First Word”, which targeted students, tourists and the local community and balanced the different interests of these groups whilst retaining a cultural and commercial edge. “First Word” was notably the first publication to pick up on and promote the (now) internationally famous local band Supergrass and a host of other local bands from the mid-Nineties’ Oxford music scene including Radiohead. In 1996 while studying at University in Leeds, Martin noticed an opportunity to develop a successful commercialised Leeds Student Radio - “LSR FM”. In doing so he created a successful commercial model for the development of commercially viable Student Radio stations, through exploiting Sponsorship and Promotions and on-campus activity. Using this unique approach, Martin was able to create full time employment for station staff and oversaw the station winning an unprecedented three BBC Radio One: National Student Radio Awards. Martin was subsequently elected National Chair of the Student Radio Association and as a member of the Radio Academy Council worked with the Academy to introduce the Development Officers position and solidify student radio as a talent recruitment pool for the radio industry. Martin worked on a number training initiatives with the large PLC radio groups as well as advising countless student / youth and ILR trial RSL’s on programming, operations and commercial development. Upon leaving university Martin launched “RED10”, a red-brick university student radio sales and promotions business, working with corporate clients such as Visa International to target the student market. In 2000 RED10 and Ian Merricks’ radio consultancy came together, from the realisation of their shared objectives. Martin has undertaken a variety of external media development consultancies during his period developing IMD, most notably with Fast Web Media, owners of Barclaycard’s official website for the Football Premiership and Tiscali / United Media’s Line One Internet (ISP/Portal), typically charged with securing new sustainable revenue streams. Within IMD, Martin has led all group operations including many areas relevant to the establishment of Itchy FM such as market assessment for regional media sales, staff recruitment and management, plus operational turnaround of both the Student Planner and Itchy businesses. Martin will use his cross media business experience to help launch a new and exciting brand of youth radio in Cornwall. 5
(b) Proposed Investors and Shareholding Structure [i] Name and addresses (the latter may be submitted in confidence) of all existing or proposed shareholders: IMD Radio Cornwall Ltd Shareholder: IMD Radio Ltd* Northern Light Ltd Percentage: 75% Address: IMD Radio Ltd IMD Group White Horse Yard 78 Liverpool Road London, N1 0QD 25% Northern Light Ltd Clive House 12-18 Queens Road Weybridge Surrey, KT13 9XB Reg’d No. Company No. 04987666 Company No. 02349155 * IMD Radio Ltd is a (100% subsidiary of Interactive Media Developments Ltd t/a IMD Group). [ii] Total number, class / classes of share and issue price of shares (specify voting, non-voting, preference, other etc) Issued share capital consists of 100,000 £1 ordinary shares with identical rights issued at par. (iii) All voting shareholders and holders of 5% or more of non-voting shares and loan stock should be named. State the number class / classes and price of shares to be issued to each investor. Shareholder No. of shares Price of shares IMD Radio Ltd 75,000 £1.00 Northern Light Ltd 25,000 £1.00 (iv) Outline any shareholder agreements or arrangements which exist The board intends to adopt a shareholders agreement which will prevent premature sale of company shares as outlined in Section E (Funding). (v) Where a corporate body other than a current Ofcom licensee will be providing 30% or more of the required funding, details should be given of its directors and main shareholders, and of its activities. IMD Group - Shareholder Summary Interactive Media Developments Ltd t/a IMD Group is owned by the following shareholders: o Ian Merricks o Martin Dallaghan o Tim Schoonmaker – One of the most experienced senior radio and media executives in the industry, Tim has invested personally in IMD Group. Tim oversaw the growth of EMAP Performance to a £147m turnover, responsible for 16% of EMAP Group turnover and 20% of profit. 6
Page 2 and 3: GENERAL INFORMATION Application for
Page 4 and 5: Rolf Munding Non-Executive Chairman
Page 8 and 9: o Christopher Weston - A serial hig
Page 10 and 11: Market Opportunity BBC Radio 1 cons
Page 12 and 13: usiness being awarded a Shell Livew
Page 14 and 15: The seasonal uplift in listener vol
Page 16 and 17: This arsenal of advertiser-aligned
Page 18 and 19: only through this genuine investmen
Page 20 and 21: Station’s link with Investor stra
Page 22 and 23: (e) FUNDING The business will be ca
Page 24 and 25: sustain small scale youth media and
Page 26 and 27: Telegraph, Nuts Magazine (IPC) and
Page 28 and 29: Audience Projections Itchy FM predi
Page 30 and 31: Total Hours 546,000 100% Based on t
Page 32 and 33: might incur to achieve such high le
Page 34 and 35: o Newquay: surf / skate, clubbing,
Page 36 and 37: We would also support all station a
Page 38 and 39: A large part of Itchy FM’s likely
Page 40 and 41: Staff structure IMD Radio Cornwall
Page 42 and 43: In addition, IMD Group’s local sa
Page 44 and 45: Director of Radio, Zenith Optimedia
Page 46 and 47: SECTION 105(B) AND (C): CATERING FO
Page 48 and 49: 0.35 0.3 0.25 0.2 0.15 0.1 0.05 0 F
Page 50 and 51: spoken word content will provide ed
Page 52 and 53: (b) Proposed format Licence Outline
Page 54 and 55: NOP Study - November 2004 Edison Me
Page 56 and 57:
Interest in New Radio Station: When
Page 58 and 59:
Radio listeners in Cornwall are wel
Page 60 and 61:
Research Conclusions This format cl
Page 62 and 63:
collated a number of the most perti
Page 64 and 65:
Local meetings Summary of some of t
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Cornwall's 105 to 107 Itchy FM - Ofcom Licensing

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