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
This stranded 4x4 was rescued on Sunday afternoon (January 22) after getting stuck in mud on Burnham beach.
An adventure playground which has inspired generations of children in Bristol is now the basis of a new musical.
She competed in front of millions at the Rio Olympics last summer. But long-jumper Jazmin Sawyers made her singing debut on The Voice.