Partly Cloudy

Partly Cloudy

max temp: 8°C

min temp: 5°C

Search

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.

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.

Search hundreds of local jobs at Jobs24

0 comments

Ipswich Building Society says it it well set for further growth after reporting increased annual profits, despite a past year “punctuated by periods of change”.

A new public relations agency whose specialities include technology, finance, and startups has been launched in East Anglia.

Companies are being urged to stop relying on the generosity of their staff after a study revealed workers are putting in billions of pounds worth of unpaid overtime.

Air charter operator SaxonAir has added of one of the most advanced super mid-sized business jets to its London-based fleet.

Royal Bank of Scotland (RBS) has finished a ninth consecutive year in the red after reporting a £7bn annual loss.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24