Proposed disposal and Board change
January 07 2009 - 11:00AM
UK Regulatory
RNS Number : 2845L
Local Radio Company PLC (The)
07 January 2009
7 January 2009
The Local Radio Company plc
JazzFM disposal and Board Change
The Board of the Local Radio Company plc ("the Company") announces the proposed disposal ("the Sale") of the JazzFM business following a
strategic review. The Company also announces that it has begun negotiations regarding the proposed disposal with a consortium headed by
Richard Wheatly who today resigns from his position as a Non Executive Director of the Local Radio Company plc. Mr Wheatly was previously
Chief Executive of Jazz FM plc prior to its purchase by the Guardian Media Group.
For further information, please contact:
Alistair Mackenzie/Rhys Davies
The Local Radio Company Plc Tel: 01494 688205
Brett Miller/Roxane Marffy
Ruegg & Co Limited Tel: 020 7584 3663
This information is provided by RNS
The company news service from the London Stock Exchange
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