London News Radio is to buy LBC, after reaching an agreement with LBC’s administrators Arthur Anderson. The company’s assets and business will be transferred to London News radio on condition of approval by the Radio Authority. LBC will continue to broadcast in its current format until its licence expires in October, when the London Broadcast Company becomes the new licensee.
CLASSIC MAY FLOAT EARLY
A report in The Guardian suggests Classic FM may be planning a stock market flotation next year, earlier than originally estimated. While the station itself has yet to comment, the report suggests that Classic’s success may have brought forward the plan.
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