Interest in GMG’s radio stations, though they’re not for sale

By | Published on Monday 26 July 2010

According to reports, the Guardian Media Group has been approached by two other companies interested in buying its radio business, which owns the Smooth, Real and Rock Radio franchises.

A Sunday Telegraph report says the radio division of UTV, which owns TalkSport and a network of local stations, and Orion Media, the newish company set up to acquire a bunch of Midlands-based stations off Global Radio last year, have both made approaches.

However, GMG chiefs say they are not actively looking to sell their radio company at this time. A spokesman said: “Our radio stations are attractive assets so it is unsurprising that we receive expressions of interest from time to time. While we keep our portfolio under constant review, we are not seeking a buyer at this time”.