RNS Number:3595Q
Forever Broadcasting PLC
30 September 2003

Forever Broadcasting plc ("Forever" or the "Company")



Disposal of Juice Brighton and disposal of 35% stake in Splash FM (together the
"Disposals")



The Board of Forever Broadcasting today announces the disposal of Juice Brighton
and its 35% share holding in neighbouring Splash FM, which commenced
broadcasting in Worthing in May of this year, for an aggregate consideration of
#700,000.



The Directors believe that the disposal of Juice Brighton for #450,000 to
Brighton and Hove Radio Limited has strengthened Forever's financial position
both as a result of the receipt of the cash proceeds and by removing a loss
making station from the Group.



The Directors consider that Forever has been able to maximise sale proceeds by
disposing of the stake in Splash FM for #250,000 to a consortium including the
shareholders of Brighton and Hove Radio Limited and other existing shareholders
of Splash FM.



In the year ended 30th September 2002 Brighton and Hove Radio Limited (trading
as Juice 107.2 FM in Brighton) made a loss of #0.5m and as at 30th September
2002 had net liabilities of #1.0m.



Splash FM has yet to produced statutory accounts since it commenced broadcasting
on 5th May 2003.



The net disposal proceeds will be applied to reduce the Company's indebtedness
to approximately #0.8million.



Following the disposals, the Company's portfolio of radio stations comprises
Peak 107 FM based in Chesterfield, 107.7 The Wolf based in Wolverhampton and
Tower 107.4 FM based in Bolton/Bury.  In contrast to the Juice stations which
have been sold, management accounts reveal that in aggregate these three
mainstream stations are operating profitably and generating cash.



The Directors believe that the prospects for Peak, The Wolf and Tower are good
and are confident that the results for the full year to 30 September will
confirm an acceleration of the substantial revenue growth recorded for the first
six months of the current financial year.  Management accounts for August show
year to date, year on year revenue growth (excluding Juice Liverpool and Juice
Brighton) in excess of 43%.



The Disposals and the disposal of Juice Liverpool, which was announced on 26,
September, complete the implementation of the first stage of the findings of the
strategic review instigated by the Board.  The Board continues to evaluate the
most appropriate method to deliver value to shareholders from its remaining
assets.  Further announcements will be made as appropriate.



Commenting on the Disposals John Josephs Chairman of Forever said:



"The sale of Juice Brighton substantially improves the Group's operating cash
flow and the receipt of the disposal proceeds has enabled Forever to further
reduce its indebtedness thereby allowing the Board to deliver value to
shareholders from a significantly stronger position.  The operating performance
of the Company continues to improve and I believe that the trading prospects for
Peak, The Wolf and Tower are strong.



Enquiries:



Forever Broadcasting plc
John Josephs                   0191 281 1222


Baird
Matt Davis                     020 7488 1212





The Directors of Forever Broadcasting plc accept responsibility for the
information contained in this announcement and, to the best of their knowledge
and belief (having taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.
Robert W Baird Limited ("Baird"), which is regulated in the UK by the Financial
Services Authority, is acting exclusively for Forever Broadcasting plc and
no-one else in relation to a possible offer and will not be responsible to
anyone other than Forever Broadcasting plc for providing the protections
afforded to customers of Baird or for giving advice on this proposal.








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