Juice sold to Europe's largest radio company
The board of Brighton radio stationÂ JuiceÂ 107.2 has agreed to the sale of its business to Global.
The sale of the station, which covers Brighton and Hove, is set to complete in February.
Global also owns Heart, Capital and Classic FM.
Juice said the move was to secure its future, as its managing director Laurence Elphick announced he was stepping down from his role due to personal circumstances.
Mr Elphick said: “Juice has been a hugely important part of my life for the best part of 17 years. I have huge admiration for what the team at Juice have achieved and immensely proud that in an increasingly competitive industry, Juice has continued to be a distinctive and successful part of our community in Brighton & Hove.
"I am confident that with Global, the future is an exciting one.”
Ryan Heal, Juice chairman, said: “Laurence's role as figurehead and brand ambassador has been pivotal to the station’s traction and stability in the city. We are so grateful to him for the years of unmatched leadership but with his imminent departure, the board felt the time was right to seize the opportunity for new owners to take the business forward.
"This is a hugely positive step for radio in Brighton. We’ll be working with Global to ensure a smooth transition for everyone involved.”
Daniel Nathan founder and director of Juice, said: “Over 20 years, the radio station has reflected the best of the city we love, and helped launch so many broadcasting careers. As a new chapter begins, the board and I would like to thank every member of the Juice family past and present for their part in creating radio made in Brighton.”
Ashley Tabor, founder and executive president of Global, said: “This is an exciting station to acquire for Global and we look forward to fulfilling the station’s successful future.”