TLR Local Radio

    RNS Number : 2845L
  Local Radio Company PLC (The)
  07 January 2009
   

    7 January 2009


    The Local Radio Company plc

    JazzFM disposal and Board Change


    The Board of the Local Radio Company plc ("the Company") announces the proposed disposal ("the Sale") of the JazzFM business following a
strategic review. The Company also announces that it has begun negotiations regarding the proposed disposal with a consortium headed by
Richard Wheatly who today resigns from his position as a Non Executive Director of the Local Radio Company plc. Mr Wheatly was previously
Chief Executive of Jazz FM plc prior to its purchase by the Guardian Media Group.


    For further information, please contact: 

    Alistair Mackenzie/Rhys Davies 
    The Local Radio Company Plc                           Tel: 01494 688205 

    Brett Miller/Roxane Marffy
    Ruegg & Co Limited                                          Tel: 020 7584 3663


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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