It seems more and more likely Canwest, the Canadian company that once hoped to win a chunk of the UK radio industry, will completely back out of the sector and sell the three stations it does own. It's been thought for a while that Canwest will sell its three Original FM stations in Southampton, Bristol and Aberdeen, and some offers are thought to have been already made for the FM licences. The firm told its staff on Friday that it was now actively "considering the sale of its radio operations". All three of the big UK radio players - GMG, Bauer and Global - may well bid.
Jul 15, 2008
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1 min read
Canwest looks to sell its three Original FM stations
Canwest is considering selling its three Original FM stations in Southampton, Bristol and Aberdeen, with GMG, Bauer and Global possibly bidding.