We were very pleased to assist as tax advisors to CN on the sale of its two radio stations – The Bay and Lakeland Radio.
An extract from Radio News says
“The Bay covers North Lancashire and South Cumbria and reaches 85,000 listeners every week from its broadcast centre in Lancaster. Kendal-based Lakeland Radio transmits across the South Lakes with 16,000 weekly listeners.
Ashley Tabor OBE, founder & executive president of Global, said: “I’m pleased to announce our acquisition of The Bay and Lakeland Radio. This deal will give us coverage in new areas of the UK and means we can take our radio brands to more listeners.”
Robin Burgess OBE, chairman of CN Group, said: “We believe that both The Bay and Lakeland radio stations’ future growth and success is best placed in a focused radio operation. We are delighted Global has seen the success, and future potential, the staff and management team have built thus far. Through Global’s scale and expertise, we believe both stations have a bright future and we wish them the very best for the future.”
The deal is expected to complete at the end of November 2017.”