Forever Broadcasting is planning to float on the Alternative Investment Market. The radio group, in which Kelvin MacKenzie’s Wireless Group owns a 17.9% stake, is expected to be valued between £25-30m.
The company owns two radio stations: 107.6 Juice in Liverpool, formerly known as Crash FM, and Tower FM, which serves audiences in Manchester, Bury and Bolton. The group’s chairman, John Josephs, said today that his company was expected to raise £15m from the float which will be ploughed into its expansion .
The group sells its advertising through TWG’s sales house, Impact.
Forever Broadcasting: 0191 286 0000
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