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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 : 1583Z Local Radio Company PLC (The) 16 September 2009 16th September 2009 THE LOCAL RADIO COMPANY PLC (the "Local Radio Company'" or the '"Company") Update on Quadrant Media JV with Portsmouth FC The Local Radio Company announces that it has entered into an agreement with Portsmouth FC relating to its Quadrant Media JV. Under this agreement Portsmouth FC has acquired 100% of The Quay Radio for a nominal sum effective from 31st August 2009, and the Local Radio Company has acquired Portsmouth FC's 26% holding in Quadrant Media for a consideration of GBP80,000. This agreement increases the Local Radio Company's interest in Spirit FM to 100%. The Quay Radio is the Radio Licensee serving Portsmouth. It has an audience of 48,000 listeners listening for 205,000 hours per week (Source: Rajar Q2 2009). In the ten months ended 31st July 2009 the station had a turnover of GBP535,835 and an operating loss of GBP181,141 after central costs. At 31st July 2009 the station had net liabilities of GBP296,985. Spirit FM is the Radio Licensee serving Chichester, Bognor Regis and Littlehampton. It has an audience of 43,000 listeners listening for 372,000 hours per week (Source: Rajar Q2 2009). In the ten months ended 31st July 2009 the station had a turnover of GBP707,154 and an operating profit of GBP7,049 after central costs. At 31st July 2009 the station had net assets of GBP95,265. For further information please contact: William Rogers Chief Executive Officer The Local Radio Company plc Tel: 01209 310435 Gavin Burnell / Brett Miller Astaire Securities plc Nominated Adviser & Broker Tel: 020 7448 4400 This information is provided by RNS The company news service from the London Stock Exchange END JVEEAENKFLANEFE
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