The four failed bidders for the recently awarded Plymouth licence have got together to complain to Ofcom that the local radio licence for Plymouth should have been awarded to a local radio group, rather than an Australian bank.
Radio UK Holdings Limited, who are owned by Australian banking giant Macquarie Bank Ltd won the licence on March 9th and is headed by former Emap boss Tim Schoonmaker. He told a Plymouth newspaper, The Herald that it would be based in Plymouth, even though the company running it is based in London, and owned by the Australian bank.
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