Global has bought Lancaster-based The Bay and Kendal-based Lakeland Radio from CN Group.
The two stations are the only ones owned by CN, which once owned a handful of stations in the Midlands along with Citybeat in Belfast.
It’s not known at this stage what plans Global has for the stations, but we’ll update this story when we know more. Global says it plans to extend its brands to the area, already partially served by Heart North West and Smooth North West.
The Bay covers North Lancashire and South Cumbria and reaches 85,000 listeners every week from its broadcast centre in Lancaster. Kendal-based Lakeland Radio transmits across the South Lakes with 16,000 weekly listeners.
Ashley Tabor OBE, founder & executive president of Global, said: “I’m pleased to announce our acquisition of The Bay and Lakeland Radio. This deal will give us coverage in new areas of the UK and means we can take our radio brands to more listeners.”
Robin Burgess OBE, chairman of CN Group, said: “We believe that both The Bay and Lakeland radio stations’ future growth and success is best placed in a focused radio operation. We are delighted Global has seen the success, and future potential, the staff and management team have built thus far. Through Global’s scale and expertise, we believe both stations have a bright future and we wish them the very best for the future.”
The deal is expected to complete at the end of November 2017.