Ofcom is currently considering transferring the licence used by Oak FM to a new company, to enable a radio service to continue in Hinckley and/or Loughborough.
The regulator has found the station in breach of its licence condition – to actually broadcast content – since it decided to close down suddenly on July 28th. Non-stop music has been airing ever since.
RadioToday understands the licence is the target of a number of local groups, but Ofcom is now processing a licence transfer application and would require any new owner to remedy the breaches by resuming broadcasting as soon as possible.
Ofcom said today: “While we recognised the financial difficulties being experienced by Oak FM, it was our view that the Licensees were in breach of their licences for failing to provide the licensed services.”
Oak FM Hinckley was originally known as Fosseway Radio when its owner, Lincs FM, won the licence from the Radio Authority in 1998.
Oak FM Loughborough launched in 1999 and the two stations joined as one in March 2008.