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.

0 Comments Off 318 02 June, 2011 Station News Thursday, June 2nd, 2011

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

Radio Academy North West Christmas Quiz - December 8, 2015 at 7:00 pm (Manchester)
Radio Academy Arqiva Hall of Fame Lunch - December 10, 2015 at 12:00 pm (Birmingham, West Midlands, UK)
BBC Music Awards - December 10, 2015 at 4:00 pm (Birmingham)
Radio Academy Yorkshire Christmas Quiz - December 15, 2015 at 7:00 pm (Leeds)
RAJAR Q4 2015 - February 4, 2016 at 10:30 am (Online)
More events