DCMS gives the OK for recent Bauer purchases
The Department for Digital, Culture, Media and Sport has given the all-clear to the CMA over Bauer’s purchase of four radio groups.
The Competition and Markets Authority referred the takeover to the DCMS, saying it may raise public interest considerations, but the Director of Media at the DCMS has replied to say it will not intervene in the case.
In a letter sent to Paul Keenan, CEO of Bauer Media Group UK, the DCMS says the Secretary of State reviewed Bauer Media Group’s recent transactions of Celador Radio Broadcasting Ltd, Lincs FM Group Ltd, UKRD and the local radio business of Wireless Media Group but will not take any action.
The CMA’s investigation continues and is currently showing a deadline date of 24th July to announce a decision, although this date may change.