Presenters and staff were told of the upcoming closure of the station at a meeting held this morning.
Share Radio is looking for new investment of £2.5m, but currently makes £2 million in annual losses.
Share Radio has signed a deal with NS&I to sponsor its weekly This Is Monday programme.
Gavin Oldham, founder of Share Radio, has today launched an offer of up to 10,884,848 shares in Share plc in order to raise finance for the station.
The Open University Business School and Share Radio to broadcast a money management course.
The Mayor of London, Boris Johnson together with an invited audience at Leicester Square are celebrating digital radio in the Capital this morning.