Bauer Media acquires Finland’s Radio Nova
Bauer Media acquires Finland’s Radio Nova
Posted by
Bauer Media acquires Finland’s Radio Nova

Bauer Media is buying Finnish commercial radio business Radio Nova from broadcaster MTV, part of the Bonnier Group.

In addition to Radio Nova, Bauer Media will assume responsibility for the sales and marketing operations of commercial stations NRJ and Nostalgia from MTV.

The acquisition comes after recent expansion in Europe, with the purchase of SBS Discovery Radio from Discovery Communications in July. Bauer now owns stations in Poland, Germany, Slovakia, Scandinavia, Sweden and Denmark, with a strong presence in Norway and Finland.

“Bauer Media is the leading operator in commercial radio business in Europe and adding Nova to our portfolio will further strengthen our position in the Nordic countries”, says Leena Puntila, Managing Director at Bauer Media in Finland.

MTV’s news will continue to be broadcast on Nova, as Bauer Media will purchase news programmes from MTV’s news production company Mediahub. MTV’s news will also be broadcast on other Bauer Media radio stations and the two companies aim to collaborate in sales, marketing and content.

Jani Koskinen, who will act as MTV’s CEO until the end of this year commented: “We’re selling the radio operations and, instead of owning the business, we will tighten our collaboration with Bauer Media. This will ensure that our customers can also have access to comprehensive multimedia solutions in the future. We will concentrate our activities on developing our digital business, such as the Katsomo service”.

“Bauer Media is the leading pan-Nordic broadcaster, reaching more than 10m people each week. Nova complements our portfolio in Finland, extends our reach and offers great potential for future growth”, says Bauer Media UK CEO Paul Keenan. “Radio Nova is a national radio station and one of Finland’s most listened to commercial radio channels. Radio Nova has a rich history of providing fresh viewpoints to current affairs, phenomena and popular topics and the greatest mix of classics and the most stylish new music. We are also excited to be extending our partnership with NRJ”.

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 0 4189 07 December, 2015 Industry News, Today 1:30 pm 201512 Monday, December 7th, 2015

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

BBC Music Awards 2016 - December 12, 2016 at 8:00 pm (ExCeL London 1 Western Gateway, London, E16 1XL, England)
Deadline for entries: IRN Awards - January 17, 2017 at 5:00 pm ()
European Radio Show - January 29, 2017 at 10:00 am (Paris)
European Radio Show - January 30, 2017 at 10:00 am (Paris)
European Radio Show - January 31, 2017 at 10:00 am (Paris)
RAJAR delivered to stations Q4 2016 - February 8, 2017 at 10:30 am ()
Radiodays Europe 2017 - March 19, 2017 at 12:00 am (Amsterdam, Netherlands)
IRN Awards - March 23, 2017 at 6:00 pm ()
More events