CC delays Global GMG takeover decision
Posted by
CC delays Global GMG takeover decision

The decision on whether Global Radio can take over all GMG Radio assets has been delayed, with a final decision not expected till May 22nd.

RadioToday has learnt that “sufficient time” is needed to take full account of any comments received in response to the provisional findings and that the need to provide a fully reasoned decision within the statutory time frame has arisen.

“The range of possible remedies to be considered in this case is complex and that all possible remedies need to be explored with the parties to the merger and third parties,” the Competition Commission said today.

An industry insider told RadioToday: “The delay proves that the provisional findings were just an initial decision, and that there is clearly a great deal of work still to do to in working out one of the biggest decisions our industry has been faced with.”

The takeover of GMG Radio by Global Radio was subject to a report by the Office of Fair Trading last year who referred it to the Competition Commission, and a decision was due to be prepared and published by 27th March 2013.

It adds another two months of uncertainty to staff at both companies before any announcement can be made on the future of all the stations and staff involved.

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 3 2849 21 February, 2013 Industry News 4:40 pm 20132 Thursday, February 21st, 2013

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