UTV brings back the Wireless Group name
UTV brings back the Wireless Group name
Posted by
UTV brings back the Wireless Group name

UTV Media plc has completed the sale of UTV Television and announced it will be known as Wireless Group PLC.

From tomorrow, March 1st, Wireless Group will trade on the London Stock Exchange and Irish Stock Exchange as WLG and operate from its new website at wirelessgroupplc.com.

The Wireless Group was a company bought by UTV in 2005 for £100m, which at the time owned talkSPORT and local radio stations in England, Scotland and Wales. The deal marked the first time UTV owned radio stations in the UK.

As previously announced, the Company expects to receive net cash proceeds, after transaction costs, of approximately £98 million from the Sale and intends to return a total of approximately £55 million of cash to shareholders.

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.




0 0 6192 29 February, 2016 Industry News, Today Monday, February 29th, 2016

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

Radio Academy event: Three of a Kind: Presenters - July 28, 2016 at 6:00 pm (Texture, Lever Street, Manchester)
BBC Radio 1 Roadshow Remembered - July 28, 2016 at 7:00 pm (BBC Radio Solent 10 Havelock Road, Southampton, SO14 7FY, England)
Closing Date: ARIAS - August 15, 2016 at 5:00 pm (Online)
CommunityRadioAwards.com - August 26, 2016 at 8:30 pm (Preston Guild Hall)
IBC 2016 - September 9, 2016 at 10:00 am (Amsterdam)
More events