
A consortium consisting of some of rock music’s most famous names and the millionaire owner of a passport application business have saved radio station Planet Rock from closure.
The digital-only station, which is part of the GCap Media group, had faced closure at the end of May if it failed to find a buyer.
However, Music fan and business man Malcolm Bluemel, along with musicians including Black Sabbath's Tony Iommi and Ian Anderson of Jethro Tell, saved the station in a last minute deal.
The group held off a rival bid from another consortium headed by Queen guitarist Brian May – who dropped out of the running last week.
May had spoken fondly about Planet Rock in recent weeks, describing it as “more than just a radio station”.
Speaking about his acquisition, Bluemel told the Guardian: "The people at Planet Rock and their listeners are passionate about their music and their station, which is why I wanted to step in and help make it happen."
For the time being the radio station will continue to broadcast from GCap’s studios in Leicester Square in London.
Register now and have your comments approved automatically!