Absolute Radio bidding rumours continue
Posted by 3 6
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.



0 0 56 02 June, 2011 Station News Thursday, June 2nd, 2011
3 6

About the author

Roy Martin is Managing Editor and Founder of RadioToday. Follow him on Twitter @roymartin.

View all articles by Roy Martin

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Upcoming events

RAJAR Q4, 2014 delivered to radio stations - February 4, 2015
Drive to Digital: NOW - February 6, 2015
Salon de la Radio - February 8, 2015
EBU Digital Radio Summit - February 11, 2015
RadioHack 2015 - February 12, 2015
More events




eXTReMe Tracker