Global Radio appeals GMG sell off

Global Radio is fighting to keep control of GMG Radio, owner of the Real and Smooth networks, and is submitting an appeal against the competition regulator’s order to sell off stations across the UK.

The UK’s largest radio operator, owner of network radio brands including Capital, Heart and Real, intends to make a submission to the Competition Appeal Tribunal in order to try and overturn the sell-off order.

Last month, the Competition Commission vetoed Global Radio’s £70 million acquisition of GMG Radio, ordering it to divest stations in seven areas of the UK to appease competition concerns.

While Global Radio’s lawyers evidently feel that it has a strong enough case to overturn the regulator’s decision, the company has also appointed corporate finance house Lepe to look at the potential sale of stations.

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