Competition Commission rejects Global Radio’s GMG appeal
Global Radio is likely to be forced to sell stations in the North of England after the Competition Commission rejected its appeal this afternoon.
It comes following the multi-million pound acquisition of GMG Radio last year. In May, after a 6 month investigation, the Competition Commission stated that in order for the deal to be completed, it would have to sell 7 stations.
The Commission felt that it would cause reduced competition in a number of areas, including the North West, South and West Yorkshire, the North East and North Wales.
It ruled that Global would have to sell or dispose of stations including: Real or Heart in North Wales; Capital or Real XS with either Real or Smooth in Manchester and the North West; Real or Smooth or Capital in the North East; and Real or Capital in Yorkshire.
Last month, Ashley Tabor, stated that the Commission’s decision to investigate the deal was an “error.”
Global bought GMG in June 2012 for £70m. Since the acquisition, Smooth’s programming team has moved to its London headquarters in Leicester Square.
Nobody was available for comment at Global Radio at the time of publication.