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TLRC sells Central FM stake

Central FM's Chairman John Quinn has gained full control of the station after purchasing The Local Radio Company's 64 per cent shareholding.

Quinn bought the extra shares in the Falkirk station for £575,000.

Central FM currently has a weekly reach of 40,200 listeners and total hours of 354,300 hours per week. In the ten months to the end of July, the station had a turnover of £721,900 and an operating loss of £32,266 after central costs.

TLRC has reduced its portfolio of stations over recent months; in May the company sold 107.9 Dune FM in Southport.

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