Former Radio Forth boss and Wave 102 owner Adam Findlay has bought Original 106, along with John Quinn and Murray Strachan.
It's the third time in as many years the station has changed hands, having originally launched in November 2007 by CanWest. Then Iain McKenna led management buy-out last year and remains at the station for a the next few months during this new change of ownership period.
Quinn is the chairman of Central FM and will take 40 per cent stake in the station, whilst local businessman Strachan takes 20 per cent. Findlay will own the rest.
In a statement, the previous owners said: "We are delighted to have been a part of Original 106 from its very inception through to this stage. We are pleased for both the staff and the client base that the station has been acquired by well known existing radio operators. This did form part of our deliberations when we considered the various offers for the station."