MacKenzie could buy from GCap
Reports today suggest that Kelvin MacKenzie, former Chairman of The Wireless Group, could be in pole position to buy nine stations from GCap Media.
The deal could see MacKenzie making a comeback into radio and in charge of ex-Marcher Group stations in the Northwest and North Wales: MFM, Buzz 97.1, Coast FM and Champion FM and Southwest stations Gemini FM, Plymouth Sound, Orchard FM, Lantern FM and South Hams Radio.
MacKenzie has not worked in radio since UTV bought The Wireless Group for nearly 100 million in May 2005.
Other companies said to be very interested in buying these stations include TLRC, UTV Radio and Absolute Radio, who could be paying anything up to 70 million pounds. More information should be released about the sale within the next few weeks.