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
A Beach Hut sitting above St Ives Bay which was bought for £10 is now on sale for £80,000
There are fears the Cornish language could fade into obscurity, as the organisation that promotes it faces closure.
A Falklands war veteran whose face was rebuilt after suffering severe burns says he was deeply moved by an Exhibition in Exeter.