Johnston Press sells 33% stake in Two Boroughs Radio
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.
ADVERTISEMENT
If you have an opinion on this or any other issue raised on Brand Republic, join the debate in the Forum here.
Wheatly: snaps up Two Boroughs Radio
Jobs
- Digital Content Manager, Sage UK Limited
- , North East England
- MARKETING MANAGER : Luxury Travel Company, Dylan*
- , Central London
- INTERNAL COMMUNICATIONS MANAGER, Dylan*
- GOOD BENEFITS, Central London
- Account Manager, Livewire PR
- £27-33K, West London
Comments