Confirmed: Grant Broadcasters has acquired 102.9 Hot Tomato
Radio Today understands that due diligence has concluded with the sale to be completed by November 30. Hot Tomato joins the Grant Broadcasters stable of 52 radio stations across the country.
Newly appointed CEO Alison Cameron says the station is a perfect fit for Grants.
“We are thrilled to welcome Hot Tomato to the Grant Broadcasters family. The station’s ethos of live and local fits firmly into the values of our company and our other local radio stations.
“The Hot Tomato team has done an outstanding job in being the leading voice of the local community on the Gold Coast.”
Hot Tomato Broadcasting was established in 2002 when it purchased the Gold Coast license at a Federal Government auction. 102.9 Hot Tomato first aired on August 1, 2003.
Executive Chairman Hans Torv (pictured) says the sale represents a great opportunity for the business and staff.
“We’ve been approached by different groups a number of times about selling the business, and after consideration, the board implemented an expression of interest campaign.
“It was also time for us to either scale up or move on.
“The cultural fit with Grants’ was particularly important; they are genuine radio people, as are all the Hot Tomato team. This presents great opportunities for both the business and the terrific staff who have made Hot Tomato the success it is today.”
With the sale to be officially completed at the end of the month, there’s been no word of any planned changes to the staffing line-up.