A group of local shareholders has acquired a controlling interest in Radio Plymouth Ltd. Previously the company was majority owned by a London based media company.
Now several of the local shareholders have injected substantial new capital into the business gaining a 64% controlling interest for the local shareholder group of nine individuals.
Radio Plymouth went on-air in February 2010 and broadcasts from studios in Crescent Avenue on The Hoe. It employs a mix of 14 full and part-time staff led by Station Manager Tim Manns. The change of control is subject to formal ratification by media regulator Ofcom.
More top news
Thousands of rugby fans made the journey to Twickenham today to see the Exeter Chiefs take on Saracens.
Thousands of music lovers have been at Powderham Castle just outside Exeter for the first day of the Big Weekend festival.
Crowds at Exeter's premiership final against saracens this afternoon paid tribute to an Army Captain who died during the London Marathon.