NEW! Investment Companies Centre

The Local Radio Company (TLR)

Sector:

Media

Market Cap

£1.98m

Change Today

Price Unchanged0.000p ()

Share Price

2.75p

Disposal of Central FM Limite

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

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).