Disposal

 

TIDMTLR 
 
RNS Number : 4010T 
Local Radio Company PLC (The) 
05 June 2009 
 

5th June 2009 
 
 
THE LOCAL RADIO COMPANY PLC 
("LRC" OR THE "COMPANY") 
 
 
Disposal of interest in Fire Media Limited 
 
 
The Local Radio Company Plc ("TLRC") announces that yesterday it disposed of its 
80% holding in Fire Media Limited for an initial consideration of GBP1 plus a 
deferred consideration, which will be based on sales in the year ending 30th 
September 2009 with a minimum deferred payment due of GBP40,000. 
 
 
The holding has been acquired by Westward Broadcasting Limited, a wholly owned 
subsidiary of Triple Media Communications Group. 
 
 
Fire Media is the Radio Licensee serving Bournemouth. It has an audience of 
28,000 listeners listening for 236,000 hours per week (Source: Rajar Q1 2009). 
In the seven months ended 30 April 2009 the station had a turnover of GBP216,494 
and an operating loss of GBP128,926 after central costs. At 30 April 2009 the 
station had net liabilities of GBP863,096. 
 
 
For further information please contact: 
 
 
 
 
Roxane Marffy/Brett Miller 
Ruegg & Co Limited 
Nominated Adviser & Broker 
Tel [phone] 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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