Virgin Radio sold

Virgin Radio's been sold to TIML Golden Square, a media firm owned by the Times of India Group. Sale price was £53 million, and as part of the deal, the station has 90 days to lose "Virgin" from the name.

The new owners apparently have great plans for the station, comparing the upcoming relaunch to the launch of "Dave" on digital TV.

Virgin broadcasts on DAB and AM nationally, as well as on FM in London.