Global Radio says it is disappointed by the decision to reject its appeal against the Competition Commission ruling that it must sell several stations.
The Competition Appeal Tribunal has dismissed a challenge from Global, after the CC said Global should sell radio assets in seven areas of the UK, following the purchase of the Real, Real XS and Smooth stations from the Guardian Media Group last summer.
A Global spokesperson told RadioToday: “Obviously this is a disappointing outcome. We share the concerns of many within our industry, who believe the basis on which the Competition Commission formed their decision to be outdated.”
Global says it will now consider the decision further.