Overcast

Overcast

max temp: 13°C

min temp: 13°C

ESTD 1874 Search

WIN A NEW HYUNDAI i10 - See the EADT on June 8 for full details

East Anglia: Radio stations Town 102, Dream 100 and The Beach under new ownership

11:46 05 February 2013

Town 102 is one of five radio stations sold in a management buy-out

Town 102 is one of five radio stations sold in a management buy-out

Archant

FIVE local radio stations in East Anglia have changed hands in a management buy-out deal.

shares

Town 102 in Ipswich, Dream 100 in Colchester, The Beach, which covers Southwold, Lowestoft and Great Yarmouth, Norwich 99.9 and North Norfolk Radio have been acquired by Media Aspect Local from Tindle Radio.

The chief executive of Media Aspect Local is David Lovell who was previously Tindle Radio’s finance director and led a group to buy the stations.

Mr Lovell said: “My team and I are passionate about local commercial radio.

“We truly believe in the strength of these stations and in the staff who work at them. We are very excited at the opportunities ahead and look forward to seeing the stations reach their full potentials.”

Mr Lovell said no jobs would be affected and the stations would retain their current names.

Sir Ray Tindle, owner of Tindle Radio, said: “I wish the management team every success with their venture.

“I consider this transaction the most likely way to secure the long term future of the five East Anglian radio stations.”

The Tindle Radio Group will continue with radio stations in Jersey, Guernsey and Ireland.

Mr Lovell is a qualified accountant and has more than 20 yearss experience in running the financial side of radio stations.

He was appointed financial director of Tindle Radio in August 2001.

shares

0 comments

From left, Jim Davison of EEF, Keith Ferguson of BDO, Paul Nelson of Barclays, and Paul Sparks  and Stephen Cooney, also both of BDO, at the East Anglian Manufacturers Forum event in Ipswich.

Manufacturers in the East of England have reported weaker than expected growth during the second quarter of the year, according to major sector survey.

Rob Dellow, second from left, of sponsor Atkins Thomson, with, from left Phil Pethybridge, Alex Till and Leanne Castle of Menta, celebrate the launch of 2015 Menta Trade Fair which takes place at the Apex in Bury St Edmunds on Wednesday, September 30.

Suffolk-based enterprise agency Menta has announced the date for its annual trade showcase event.

Chancellor of the Exchequer George Osborne.

Chancellor George Osborne has extended a plan to sell down the Government’s stake in bailed-out Lloyds Banking Group as it was disclosed that the holding has now been cut to less than 19%.

Ian Allchin who heads the new music and media team at Essex law firm Birkett Long.

Law firm Birkett Long, which has offices in Colchester, Chelmsford and Basildon, has launched a music and media team which it believes is the first of its kind in the county.

Hoxne Swan

A bid to make a closed pub an asset of community value has been accepted by the local authority.

Noel Byrne outside the Bedford Lodge Hotel in Newmarket.

The four-star Bedford Lodge Hotel & Spa in Newmarket has entered TripAdvisor’s “Hall of Fame” after winning the travel review website’s Certificate of Excellence for a fifth consecutive year.

Andrew Wheeler of Brewin Dolphin.

Andrew Wheeler, head of the Ipswich office of investment manager Brewin Dolphin, has hailed the firm’s “good progress”.

Thomson Airways' new Boeing 787 Dreamliner touching down at Stansted.

Stansted Airport today marked the arrival of the latest in airline technology with the launch of a new long-haul service from the Essex terminal.

'Love every drop' branding on an Anglian Water van.

Regional water and sewerage services group Anglian Water has announced an increase in underlying annual profits, following a year which marked the end of a five-year settlement with regulator Ofwat.

An LA Fitness gym.

Low-cost gym operator Pure Gym is to acquire mid-market rival LA Fitness, picking up 43 clubs for an undisclosed sum thought to be in the range of £60million to £80m.

Most read

Most commented

Topic pages