LONDON - Regional newspaper group Johnston Press has sold its 33% stake in Two Boroughs Radio to the Local Radio Company for £1.2m.
Johnston Press originally acquired the stake as part of the acquisition of Regional Independent Media in April 2002.
The Local Radio Company is a consortium headed by Richard Wheatly and Alistair Mackenzie, the former heads of Jazz FM. In May, it bought Radio Investments, the loss-making local radio group, from GWR for £10.6m in cash.
If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the .
Join a growing community of media, marketing and advertising professionals today
Read exclusive registrant only articles
Read more articles each month
Sign up for free specialised news bulletins
Register NowGet unprecedented new-business intelligence with access to ±±¾©Èü³µpk10’s new Market Reports.
Find out moreGet unlimited access to ±±¾©Èü³µpk10’s premium content for your whole company with a corporate licence.
Upgrade accessGet the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.
Create an alert now
_1.jpg)
.jpg)
