RadioWorks goes quietly

By SIMON HENDERY

RadioWorks' last outing as a publicly listed company turned out to be more of a blip than a blast.

The company's final annual meeting before it becomes a wholly owned subsidiary of Canadian media conglomerate CanWest took less than 10 minutes in Auckland yesterday.

Chairman Brent Impey's biggest challenge as he rattled through five standard items of business was finding volunteers from the 30-strong shareholder audience to move or second the motions.

A motion to keep directors' fees at last year's levels passed without comment and there were no questions from the floor or items of general business.

Media Investments has bought 97 per cent of RadioWorks' shares and is picking up the rest under compulsory acquisition rules.