Dec 20, 2007 • 1 min read

Radio ownership changes in 2007: Chrysalis sells to Global Radio

Radio ownership changed in 2007, with Chrysalis selling to Global Radio and EMAP's radio business sought by Heinrich Bauer, while Paul Jackson left Virgin for Capital.

In radio land there were ownership changes - Chrysalis selling its radio stations to new firm Global Radio, and EMAP announcing its intent to sell its radio business (and its consumer magazine business for that matter) to German firm Heinrich Bauer.

Elsewhere, those OfCom chaps handed Channel 4 the second national digital radio multiplex, which could prove to be quite exciting when it launches next year. Gcap won the Cardiff FM licence for a Welsh outpost of Xfm, which launched a few weeks back, and elsewhere in the world of Xfm the alternative station announced it was axing daytime presenters and going with a back to back music format in that slot.

Elsewhere at Gcap there was yet another relaunch at still struggling flagship London station Capital Radio, and there could as yet be another one because after all that the radio group poached Paul Jackson from Virgin Radio to run Capital, and he has already started making lots of changes at the station. Jackson's departure from Virgin meanwhile meant that its owners, SMG, but a proposed sale or flotation on hold - difficult times in the city had already made a sale of the national station trickier than had been originally thought.

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