The licence of Oak 107, currently with liquidators, is the target of a local group, Cross Counties Radio.
Oak closed down suddenly on July 28th after owners told listeners just before 6pm.
James Martin, who is working with the group, told RadioToday: “There has been interest from numerous parties but we’ve put in a bid with the liquidator to secure the Hinckley and Nuneaton (only) licence and we hope to hear more in the next few days.”
Cross Counties Radio originally applied for the licence in the 90s but lost out to Fosseway Radio. They now operate a number of local radio stations online, including Cross Counties Radio 1 and Cross Counties Radio 2.
Oak FM covered Loughborough on 107FM and Hinckley & Nuneaton on 107.9FM. The station shared a building with Touch FM Staffordshire but Ofcom has agreed it can now move to Quidem’s based in Kenilworth. It was sold by Quidem 12 months ago to ATR Media for an undisclosed sum. It was made up of two previous stations – Fosseway Radio and the original Oak FM. It relaunched in 2014 after a weekend of playing Queen’s Bohemian Rhapsody non-stop.