In addition to MuxCo Ltd (50%), UKRD will own 50% of the multiplex.
UKRD Group Ltd
UKRD owns and operates a number of terrestrial radio stations across the UK. It was formed in 1994 when Pirate FM Ltd merged with UK Radio Holdings Ltd to form UKRD, cementing a relationship between individuals who had been working together directly or indirectly for several years. Following the merger UKRD acquired controlling shareholdings in Star FM and Wey Valley Radio, and a minority share in Kiss 102. In 1995 UKRD was awarded the licences for Surrey. In November 2000, a new management team was put in place, with a strategy of enhancing existing assets’ output and developing regional clusters of stations. As part of the strategy, a number of stations were re-branded as ‘Star’. UKRD has been involved in DAB since 2003, when as a founding shareholder in the Plymouth & Cornwall multiplex it launched Pirate FM on DAB. It is also a shareholder and service provider in MuxCo’s Gloucestershire multiplex. UKRD are keen to ensure that its stations have a future in the digital landscape, but recognise that with additional costs incurred through duplication of transmission, this needs to be done in a cost efficient manner.