Denis O’Brien is on course to become the fourth largest player in the UK radio market after buying eight stations from Global Radio in a deal believed to be worth £35million.
The Guardian reports:
O’Brien’s media company Communicorp, which runs 40 radio stations across eight countries including Ireland, has picked up the stations that Global Radio has been forced to sell off by competition regulators following its £70m acquisition of GMG Radio.
Communicorp has acquired Smooth East Midlands, Smooth North West, Smooth North East, Capital Scotland, Capital South Wales, Real Radio North Wales, Real Radio Yorkshire and Real XS Manchester. The eight stations have a combined audience of 2.8 million listeners.
Denis O’Brien to buy eight Global Radio stations (The Guardian)
