Search

Time 107.5 FM takes presenters off air following sale

09:54 05 February 2014

Time 107.5 FM, which was sold yesterday, has taken its presenters off air and will play back-to-back music for the next 48 hours, a spokesman says.

Time FM 107.5 Limited was taken into administration last month and bought out yesterday morning.

Previous owner Dr Avtar Lit said: “They paid a lot of money for it yesterday so I’m surprised it has gone off air.”

He added that he ran the company at a loss for the last eight years and needed to sell it after its finances were affecting the other stations in his portfolio.

Speaking to the Recorder on January 23 after company went into administration, station manager Lorna Waters said: “We’ve got a buyer and [the administration] is not going to have any affect.

“We will remain on air and there will be no job cuts.

“Nobody will even notice.”

Dr Lit, who appears at number 84 in The Sikh 100 which lists the most powerful Sikhs worldwide, also had four other companies placed into administration.

These are Tristar Broadcasting Limited (owner of Time 106.6), London Media Company Limited, Kismat Radio Limited and Sunrise Radio Limited.

0 comments

Latest News Stories

Prince William handing over John Morris' OBE at Buckingham Palace.

A headteacher has said he is “over the moon” to have been awarded an OBE for his services to education.

17:25
First Step is running a competition where readers can win tickets to its summer ball

Two lucky readers are set to be transported back to the 1920s.

General view of HGV lorries.

Space for 50 tipper trucks will replace some of the old Ford site in Rainham if plans are approved.

Hall Lane, Upminster, has been closed off after a collision this morning.

Two women had to be cut out of a car after they were involved in a collision this morning.

Most read news

News from your area

WW100

Click on the banner above for full coverage of the centenary commemorations of the outbreak of the First World War.

Competitions

The sell out 2014 event 32 Londoners, returns to the Coca-Cola London Eye!

The Coca-Cola London Eye is proud to announce that 32 Londoners will be returning this June, following last year’s sell out event. The event will feature 32 talks, in each of the London Eye’s 32 capsules on 32 extraordinary Londoners.

You could take in stunning views of London over brunch at the Sky Garden

Celebrate lighter, brighter days with the chance of winning an indulgent brunch for two with a bottle of bubbles at Darwin, the cool and casual brasserie 36 floors up at Sky Garden.

Digital Edition

Image
Read the Romford Recorder e-edition today E-edition
Family Notices 24


Our trusted business finder