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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Local Radio | LSE:TLR | London | Ordinary Share | GB00B0108C60 | ORD 4P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTLR RNS Number : 6528U Local Radio Company PLC (The) 29 June 2009 29th June 2009 THE LOCAL RADIO COMPANY PLC (the "Local Radio Company'" or the '"Company") Disposal of Arrow FM Limited and Sovereign Radio Limited The Local Radio Company announces that on Friday 26th June 2009 it disposed of its 100% holdings in its Arrow FM Limited and Sovereign Radio Limited subsidiaries for a total consideration of GBP100,000. The holdings have been acquired by Media Sound Holdings Limited which owns Bright FM and Splash FM. Arrow FM is the Radio Licensee serving Hastings. It has an audience of 21,000 listeners listening for 198,000 hours per week (Source: Rajar Q1 2009). In the eight months ended 31 May 2009 the station had a turnover of GBP221,998 and an operating loss of GBP118,167 after central costs. At 31 May 2009 the station had net liabilities of GBP950,358. Sovereign Radio is the Radio Licensee serving Eastbourne. It has an audience of 26,000 listeners listening for 186,000 hours per week (Source: Rajar Q1 2009). In the eight months ended 31 May 2009 the station had a turnover of GBP309,208 and an operating loss of GBP85,905 after central costs. At 31 May 2009 the station had net liabilities of GBP765,435. For further information please contact: William Rogers Chief Executive Officer The Local Radio Company plc Tel: 01209 3310435 Roxane Marffy/Brett Miller Ruegg & Co Limited Nominated Adviser & Broker Tel: 020 7584 3663 This information is provided by RNS The company news service from the London Stock Exchange END DISKGGZVNLFGLZG
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