Cornish company UKRD Group has sold its majority shareholding in Bristol Community Radio Ltd, which operates ‘Star 107.2 FM Bristol’ Radio Station, to rival Original Bristol FM.
“The company recently broadened its business operations through its software and development operation and new web businesses.
“We are positive about the future and despite the difficult economic conditions UKRD’s Pirate FM was recognised as an “outstanding” company to work for by the Sunday Times “Best Companies to Work For” awards earlier this year.
“Against a challenging economic back-drop for the media sector, our own staff judged us against a set of independent criteria and delivered a verdict which makes me particularly proud.”
The deal was advised by regional law firm Foot Anstey. Partner James Evans said: “This deal demonstrates that some corporate transactions of this nature are still taking place, despite the doom and gloom. We have advised UKRD for many years in all aspects of their business, and helping them in meeting the many challenges media companies currently face.”
Financial terms of the deal were not disclosed.