Latest London news, sport & entertainment

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 10°C

Five-day forecast

Time 107.5 FM takes presenters off air following sale

Wednesday, February 5, 2014
12:57 PM

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.

To send a link to this page to a friend, you must be logged in.

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.

Share this article

0 comments

   Local advertisers

More news articles

Click here to read the Digital Edition of the Ilford Recorder on screen
Use our Wedding site to help you plan your big day!
At WeddingSite we know how much you have to organise for your wedding day, that's why we have designed a set of FREE, simple-to-use tools to make the planning process easy & hassle-free. FIND OUT MORE
Find a date using our online dating and friend finder
You can meet new friends, find romance or simply meet up online with people sharing similar interests and hobbies. FIND OUT MORE
Find a local business using our online directory search
Need a plumber? Or a florist? Or anything else? Search our business directory to find Ilford businesses in just a few seconds. FIND OUT MORE
Family notices from the Ilford Recorder, with readers' tributes
In memoriam, birthdays, weddings, anniversaries, best wishes & special days. FIND OUT MORE

Around the Web See all