GL
In short, it allows Quidem's management to make their own profits, without doing any work. Global provides the content and sells the advertising. It's a good way of avoiding ownership dominance issues. Global already operates the model with Communicorp. It's quite commonplace in Europe with brands like NRG. Think of it like McDonalds or Pizza Hut. Chances are your local McDonalds is not owned by the multinational corporation, but is in fact a franchise arrangement with a local owner.
So another set of local stations are set to rebrand, although interestingly this time it’s a “brand licensing agreement” instead of a buyout.
https://radiotoday.co.uk/2019/09/quidem-enters-brand-licensing-agreement-with-global/
Not too sure why they wouldn’t just sell these stations to Global because they surely lose all editorial control? 20/21 hours a day will come from London, plus all the journalists are being transferred to Global.
Obviously no idea how this works from a profit point of view, but it’s got to be attractive to both Global and the shareholders at Quidem!
https://radiotoday.co.uk/2019/09/quidem-enters-brand-licensing-agreement-with-global/
Not too sure why they wouldn’t just sell these stations to Global because they surely lose all editorial control? 20/21 hours a day will come from London, plus all the journalists are being transferred to Global.
Obviously no idea how this works from a profit point of view, but it’s got to be attractive to both Global and the shareholders at Quidem!
In short, it allows Quidem's management to make their own profits, without doing any work. Global provides the content and sells the advertising. It's a good way of avoiding ownership dominance issues. Global already operates the model with Communicorp. It's quite commonplace in Europe with brands like NRG. Think of it like McDonalds or Pizza Hut. Chances are your local McDonalds is not owned by the multinational corporation, but is in fact a franchise arrangement with a local owner.