If Global Radio's current takeover of rivals GCap is completed, then the latter's alternative station Xfm will keep its Scottish and Manchester outposts. As previously reported, GCap CEO Fru Hazlitt has announced her intention to sell all three of the non-London Xfm licences as part of her bid to turn round the radio firm's fortunes. However, that was before the latest Global takeover offer was accepted by GCap management, and it now seems Xfm Scotland and Xfm Manchester will be saved, though the recently launched Xfm South Wales still seems likely to be sold. GCap is also unlikely to go through with Hazlitt's plans to sell the company's share in digital audio broadcasting company Digital One, a sale that has been on hold since Global began its most recent takeover talks. It's not clear what will happen to the Xfm South Wales station if it is sold.
Apr 14, 2008
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1 min read
Xfm Scotland and Manchester unlikely to be sold
If Global Radio's takeover of GCap completes, Xfm Scotland and Xfm Manchester will be kept, though Xfm South Wales still seems likely to be sold.