Ofcom have today explained the reason behind their decision to award the Warwick local radio licence to CN Group.
2Day FM applied for the licence along with two other groups but secured the licence because CN Group proved they could maintain the service having had experience in the area with similar sized stations.
The ability to save costs through resource-sharing with nearby stations in common ownership was felt to further enhance the strength of 2Day FM?s financial proposition.
Click here to read the full document from the Ofcom website.