This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Media
Global reportedly close to GMG Radio deal
By CMU Editorial | Published on Friday 15 June 2012
Previously reported talks between the Guardian Media Group and three parties regards the sale of GMG’s radio business, which runs the Real Radio and Smooth Radio networks, are proceeding according to reports, with insiders saying a deal is now very likely to happen.
Media Guardian reckons Global Radio is still the most likely bidder to win ownership of the Real and Smooth networks in a £50 million deal, even though that acquisition may be subject to Competition Commission approval, given Global’s current dominance in the UK radio market.
Word has it that, while nothing has been agreed as yet, a deal could be announced this month, and maybe even as soon as next week.
