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Local Radio Company rejects UKRD bid

LONDON - The Local Radio Company (TLRC) has rejected a takeover bid from rival group UKRD. ... Financial, which submitted an offer of 1.8m. Hallwood already owns 28% of TLRC and its chairman Anthony Gumbiner is also the non-executive chairman of TLRC. Following the Hallwood bid TLRC independent non ... . TLRC's rejection of the UKRD offer followed its decision to offload Jazz FM to its management team ...

By James Quilter / Brand Republic 14-Apr-09

Global suffers advertising drop as bidders battle over radio minnow

publicly quoted, has received a sixth bid in a shootout between two suitors. TLRC owns around 20 local ... been competing since UKRD first bid 2p per TLRC share on March 27. Hallwood yesterday raised its offer ... 28.3% of TLRC and its chairman Anthony Gumbiner is non-executive chairman of TLRC. UKRD owns 20 ...

By Daniel Farey-Jones / Brand Republic 12-May-09

The Local Radio Company eyes acquisitions after reducing losses

TLRC has pared its losses from last year, when it reported a loss of 21m after an 18.5m asset write down, and claims its audiences, sales commission and revenues are all up while its costs are down ... 2m. TLRC is sitting on a cash pile of 2.48m after raising 2.8m from shareholders in November ...

By Daniel Farey-Jones / Brand Republic 05-Dec-07

Portsmouth FC invests £1m in local radio stations

It is forming a joint venture with The Local Radio Company, headed by former-Jazz FM chief executive Richard Wheatly. The deal sees TLRC transfer the capital of three of its radio stations, The Quay ... . Wheatly, executive chairman of TLRC, said that Quay FM had a long and successful partnership ...

By Jennifer Whitehead / Brand Republic 23-Jul-07

Jazz FM uses social networking to promote relaunch

under licence from GMG Radio. TLRC's executive chairman, Richard Wheatly, is a former chief executive ...

By Paul McNally / Brand Republic 01-Sep-08

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