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Global acquires GMG Radio for £50m

Global acquires GMG Radio for £50m

Guardian Media Group has sold its radio business, which includes the Real Radio and Smooth Radio networks, to Global Radio for an estimated price of £50 million. GMG, which has…

Tesco pays £11m for We7 digital

Tesco has bought the digital music service We7 for £10.8m (€13.3m). The supermarket has taken a 91 per cent stake in London-based digital music service, with the remaining shares to…

AUPEO! tunes in to Inview

Smart TV specialist Inview and AUPEO! Personal Radio, a provider of personalised audio streams for Internet-connected devices, have teamed up to turn Smart TVs into next generation radios. Following a…

Radio forum to promote future-proof EU spectrum policy

European consumer electronic producers, cable and satellite reception equipment industry, the live performance, content making manufacturers and cable operators are announcing the formation of a forum aimed at preserving the…

WorldSpace goes bust

WorldSpace, a would-be global pay-radio broadcaster which filed for Chapter 11 reorganisation and protection from creditors back in 2008, has finally asked the US Delaware bankruptcy court to move its…

30% of UK radio listening digital

Nearly 30 per cent of radio listening is now digital but digital audio broadcasting (DAB) radio slipped back in the first three months of the year. Digital platforms accounted for…

Liberty Media closes in on Sirius-XM

On May 1st, speaking at the Sirius-XM results, CEO Mel Karmazin suggested that main shareholder Liberty Media’s 40 per cent holding in Sirius-XM “wasn’t the new 50!” It was light-hearted…

France will get pay-radio in 2013

A French-backed scheme to launch satellite-based pay-radio is getting closer to operation. Last November, the French broadcasting regulator (Le Conseil supérieur de l’audiovisuel, CSA) announced its own beauty contest for…

FCC says ‘No’ to Liberty over Sirius-XM

Liberty Media owns 40 per cent of Sirius-XM and has made no secret that despite its shareholding influence over the pay-radio broadcaster, it would like to formally take ownership of…

Sirius-XM: Profits up 38%

Sirius-XM: Profits up 38%

There’s money in pay radio, implies Sirius-XM’s latest numbers. The broadcaster reported an extremely successful Q1 adding subscribers and boosting profits – although the bottom line was also helped by…