Recently, 94.7 The Pulse and a presenter were sued by businessman and former mayor Darryn Lyons in the Victorian Supreme Court for having defamed Mr Lyons.
It is the claim that has been the subject of media reports over the last month.
Apologies on air and in writing were provided to Mr Lyons last year. The defendants expressed their regret at having defamed My Lyons by unfairly branding his establishments ‘drug dens’.
It is regrettable that this matter was not resolved earlier, but after further discussions over the last few weeks, the matter has now been resolved on mutually acceptable terms. Mr Lyons has said that he is very pleased to have been able to find common ground with Diversitat so that each could now move forward in a positive direction.
94.7 The Pulse is an important part of the Geelong community. Contrary to some media reports, the radio station will not be closing.
No further statements will be made.