Two left in Virgin Radio race
Posted by
Two left in Virgin Radio race

There are just two companies left in the race to purchase Virgin Radio from the Scottish Media Group, according to reports. Whilst one article says Global are still in the running, another suggests it's a two horse race between Absolute Radio and UTV.

In February, the Telegraph newspaper said that Malaysian pay-TV operator Astro All Asia Networks were also in the running, but yesterday the Sunday Mail said they were no longer part of the deal.

Meanwhile, another source suggests only talkSPORT owner UTV and JACK fm owner Absolute Radio have made it to the final two.

Whoever eventually becomes the new owner of Virgin Radio, in a transaction which has taken the best part of a year, will also have a battle to continue using the Virgin brand. SMG's continuous use of the Richard Branson trademark does not apply if the station is sold or taken-over.

John McCann, chief executive of UTV said Virgin would be a good fit for them: "The demographics are good as they are similar to TalkSport. There would be some cost savings in bringing them together, but this wouldn’t be our focus,” he told The Times last week.

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 0 389 24 March, 2008 Industry News 11:09 am 20083 Monday, March 24th, 2008

Leave a Reply

Looking for something else?


Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

No related posts were found
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Student Radio Awards - November 10, 2016 at 6:00 pm (The O₂ 10 Entertainment Avenue, London, SE10 0DY, England)
BBC Gillard Awards - November 10, 2016 at 7:00 pm (Newcastle)
Audio Production Awards - November 23, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
Radio TechCon 2016 - November 28, 2016 at 10:00 am (The Arts Theatre, 6-7 Great Newport St, London WC2H 7JB)
Salon de la Radio - January 29, 2017 at 10:00 am (Paris)
Salon de la Radio - January 30, 2017 at 10:00 am (Paris)
Salon de la Radio - January 31, 2017 at 10:00 am (Paris)
More events