Global reportedly close to GMG Radio deal

By | Published on Friday 15 June 2012

GMG Radio

Previously reported talks between the Guardian Media Group and three parties regards the sale of GMG’s radio business, which runs the Real Radio and Smooth Radio networks, are proceeding according to reports, with insiders saying a deal is now very likely to happen.

Media Guardian reckons Global Radio is still the most likely bidder to win ownership of the Real and Smooth networks in a £50 million deal, even though that acquisition may be subject to Competition Commission approval, given Global’s current dominance in the UK radio market.

Word has it that, while nothing has been agreed as yet, a deal could be announced this month, and maybe even as soon as next week.

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