Negotiations are thought to be underway for the purchase of Lancashire’s Central Radio by an un-named individual or company, just hours before the station was due to be closed by owners UTV Radio.
Details of the sale are yet to be finalised, and a statement from UTV is expected once a deal has been reached, possibly as early as next week.
UTV Media announced last week they were closing the station on Christmas Eve, without giving reason for the sudden decision. The station has only been broadcasting for 15 months, having won a competitive battle to win the licence two years earlier.
Commenting on announcement last week,, Calum Macaulay, Director of Local Radio for UTV Media, said: “We won the licence against strong competition, but unfortunately had to launch the station in the middle of the worst recession in memory. We have been looking closely at the station’s viability and unfortunately given the economic climate we have taken the difficult decision to close the station."
The station is continuing to broadcast as normal for the time being.