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Business News Deals Media
Penk sells The Revolution
By Chris Cooke | Published on Thursday 9 January 2014
Steve Penk has sold his Oldham-based radio station The Revolution to a new company led by Matt Ramsbottom, a former MD at Orion Media.
Penk acquired The Revolution in 2008 and spent most of his time as owner of the business also fronting its breakfast show, notably provoking the ire of regulator OfCom by once playing Van Halen’s ‘Jump’ when the main news story in the region that day was that local roads had come to a standstill because a woman was threatening to jump off a bridge onto a motorway.
Penk told Radio Today earlier this week: “I can confirm we have finalised the negotiations and completed a deal with Credible Media this morning. I would like to take this opportunity to thank all the team, past and present for their hard work and loyalty over the last five and a half years. I have enjoyed developing both the radio station and the brand through a tough financial period and will miss the staff, customers and listeners”.
Ramsbottom added: “I’d like to thank Steve and wish him all the best in the future. He is a highly experienced broadcaster, as well as a professional media owner – I’d personally like to hear him back on the radio very soon. Steve has been highly complimentary of The Revolution team and I’m looking forward to getting to know them over the forthcoming months”.
