History
The consortium behind Reading 107 FM submitted its bid for a local commercial radio station in September 2001 and the licence was awarded by Ofcom in March 2002. Reading 107 first broadcast at 8am on 22 October 2002. The first presenter was launch programme controller Tim Grundy and the first song was 'Listen To The Music' by The Doobie Brothers.
In August 2005 Guardian Media Group (GMG) increased its shareholding in Reading 107 FM from 37.8% to a controlling stake of 60.3% when Milestone Radio Group decided to sell; the remaining shareholding being owned by the Goodhead Group plc, a company controlled by Reading Football club chairman John Madejski. In December 2005 Reading 107 FM changed control again, this time from GMG to Madejski Communications Limited.
Read more about this topic: Reading 107 FM
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