Radio EXE has submitted its promised application to Ofcom to run a radio station in Torbay.
Exeter-based Radio Exe is to apply for the Torbay licence, currently held by Celador and broadcasting as The Breeze.
Radio Exe has written to Ed Sheeran saying it has a cheque for £30 to give him.
Devon Radio Ltd, part of Celador Entertainment, has sold its 40% shareholding in Radio Exe.
Jane Lack, former MD at Palm FM, is replacing Paul Nero as Managing Director at Radio EXE.