Radio 100 FM in financial problems

Denmark's leading commercial radio station Radio 100 FM has gone into bankruptcy protection.

Radio 100 FM's Dutch owner John De Mol has decided that he will no longer continue to finance the operation, which has cost him more than 300 million Danish crowns ($ 60 million) since the launch in 2003. Station manager Jim Receveur has failed to a find a new investor, but still hopes to keep Radio 100 FM on-air.

In November, Radio 100 FM is due to pay its annual fee of 22.5 million crowns ($ 4.4 million). If this doesn't happen, the station will lose its main frequencies. One option would then be for Radio 100 FM to instead use its supplemental local frequencies.