Absolute Radio bidding rumours continue
Posted by
Absolute Radio bidding rumours continue

UTV Radio and Sir Richard Branson’s Virgin Group are favourites to buy Absolute Radio, according to a report this morning.

The Telegraph says Global Radio and Orion Media Group have pulled out of the bidding process, in which current owner TIML is hoping to attract bids of more than £20m.

Industry sources cited potential synergies for some. UTV could combine Absolute with TalkSport, as they attract a similar male demographic, while Virgin Group could re-name the station ‘Virgin Radio’ and there would be synergies with its other international radio stations.

No radio group has made any official comment on the potential purchase of the station, which includes a number of spin-off stations such as Absolute 80s and Absolute Classic Rock. Absolute Radio broadcasts on FM in London and nationwide on AM.

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.




0 0 562 02 June, 2011 Station News Thursday, June 2nd, 2011

Leave a Reply

Looking for something else?

Register

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

Related Posts

Radio Academy event: Three of a Kind: Presenters - July 28, 2016 at 6:00 pm (Texture, Lever Street, Manchester)
BBC Radio 1 Roadshow Remembered - July 28, 2016 at 7:00 pm (BBC Radio Solent 10 Havelock Road, Southampton, SO14 7FY, England)
Closing Date: ARIAS - August 15, 2016 at 5:00 pm (Online)
CommunityRadioAwards.com - August 26, 2016 at 8:30 pm (Preston Guild Hall)
IBC 2016 - September 9, 2016 at 10:00 am (Amsterdam)
More events