Fen Radio is to become the third station in the UK to hand its broadcasting licence back to Ofcom.

The UKRD-owned service, based in Wisbech, Cambridgeshire, will stop broadcasting this month with the loss of four jobs.

Star Group, the division which operates Fen Radio, was the first operator to surrender an Ofcom radio licence for its Star Stroud service in 2006. Since then, only Kingdom Group has handed back a licence when it closed River FM.

Sources told the Cambs Times that declining advertising revenue was behind the Fen Radio closure. "The economics of it all were quite simple - it wasn't turning in a profit," said one.