CTR sold to KM Group
Maidstone's local radio station, CTR has been sold to the Kent Messenger Group.
The agreement to purchase shares from major shareholders of CTR now gives KMG total control of seven local FM stations in Kent.
Kent Messenger Group has held a minority interest in CTR throughout its successful licence application and since launch in 2003. It has also provided sales and supporting administration services.
CTR, which has been steadily developing listenership and revenue, will bring increased regional and national revenue opportunities to a network of stations covering all the principal market areas in Kent.
The additional listeners to CTR and those from our new station in Ashford, which was one year old last month, will help to lift kmfm total audience towards its 200,000 target.
Jon Maxfield, Managing Director of CTR, said: "Joining the KM family of radio stations is the next logical step for CTR. CTR has been steadily growing its audience and revenue since its launch in October 2003. The station will add to the reach of the KM Group's stations covering the county.
"We have been a local success story, proving that Maidstone wants, needs and deserves a voice of its own. Our many loyal listeners will, I hope, welcome this very positive development."
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