[1] Cole was Chief Executive, having started out as a trainee at the BBC and developed national sponsored programmes while at Piccadilly Radio in Manchester.

[3][4] In July 2006, as part of UBC's move away from owning radio stations, it sold its share in Digital News Network (DNN) for £66k.

[7] In June 2008, UBC announced it was closing down its loss-making venture Cliq, a service which allowed DAB listeners to download music onto their mobile phones.

[9] The stake was bought by fellow shareholder Guardian Media Group for £136,000 plus a one-off cash dividend payment from MXR of £52,000.

The company focussed on reducing costs and increasing profitability by ditching its digital radio stations and concentrating on providing content.