One month's reprieve for Planet Rock

NEWS UPDATE

Tuesday 25th March 2008



As I’m sure you are all aware, Planet Rock has been under the shadow of closure since GCap announced their strategy statement on Feb 11. We were given the deadline of March 28th to find a buyer or be switched off permanently.

Since that time, several parties have come forward and expressed an interest in buying the station, and negotiations are under way. Because of this development GCap have extended the deadline until the end of April to allow these talks to continue.

We’re not out of the woods yet, nor will we be until someone completes the purchase of the station. The good news is that there is hope, and at the very least, an extra month of Planet rock.

Thanks to each and every one of you who have sent messages of support, they have meant a great deal to all of us here at Planet Rock. When we have some more news you will be the first to know.