Disposal of Central FM Limited
22 August 2008 - 4:00PM
UK Regulatory
RNS Number : 8471B
Local Radio Company PLC (The)
22 August 2008
Disposal of Central FM Limited
22 August 2008: The Local Radio Company Plc ("TLRC") announces that it yesterday disposed of its 64% holding in Central FM for �575,000 in
cash. The holding has been acquired by John Quinn, Chairman of Central FM, who already owns 11% of the station.
Central FM is the Radio Licensee serving Falkirk. It has an audience of 40,200 listeners listening for 354,300 hours per week (Source:
Rajar Q2 2008). In the ten months ended 31 July 2008 the Station had a turnover of �721,900 and an operating loss of �32,266 after central
costs. At 30 July 2008 the station had net assets of �244,452
For further information, please contact:
The Local Radio Company 01494 688205
Richard Wheatly
Alistair Mackenzie
Landsbanki Securities (UK) Limited 020 7426 9000
John Craven
Claes Spang
Aura Financial 020 7321 0000
Andy Mills
James Devas
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISEAKPFAFDPEFE
Local Radio (LSE:TLR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Local Radio (LSE:TLR)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Local Radio (London Stock Exchange): 0 recent articles
More Local Radio Company News Articles