Global Radio requests an OFT fast track
Posted by
Global Radio requests an OFT fast track

Days after buying GMG Radio, Global Radio has signed the standard Office of Fair Trading Hold Separate Undertaking.

Global Radio will also formally request a fast track reference from the OFT to the Competition Commission.

The Fast Track Offer scheme is a relatively new option available to the OFT in place of its general leniency policy, designed for larger investigations.

Industry experts predict a full review by the Competition Commission could take between six and nine months, so the sooner Global Radio can encourage proceedings to begin, the sooner the company can commence its plans.

A spokesperson told “Global Radio is confident that the OFT will confirm the fast track reference to the Competition Commission in the coming weeks. As is normal with a Competition Commission reference, a monitoring trustee will be appointed during the hold separate period.”

Several radio groups have already said they aim to submit their feelings on the takeover, most of which are generally against the proposal.

Global Radio now owns six Real Radio licences covering (South and Mid/North) Wales, Scotland, Yorkshire, North West England and North East England, six Smooth Radio licences covering East Midlands, West Midlands, London, North West England, North East England and Glasgow, and two Real Radio XS licences covering Paisley in Scotland and Manchester.

It will only become known once the Competition Commission has conducted its review, what Global Radio’s plans are for the future of all three brands.

Speculation suggests most Real Radio stations will become Heart but the future of Smooth Radio is a little more unclear, with suggestions it will either be replaced by Gold, or continue as it is but with a Global makeover.

As ever, Radio Today will bring you every update along the way.

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 19 2150 01 July, 2012 Industry News 8:13 pm 20127 Sunday, July 1st, 2012

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

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