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.
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Mild tonight and dry and sunny tomorrow. Turning unsettled again later. The forecast with Luke Castiglione.
Around fifty thousand people have turned out on the Hoe in Plymouth over the weekend to support Armed Forces Day.
Luke Castiglione has the latest weather forecast. Cloud with rain this afternoon, becoming dry and sunny tomorrow