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Media
Absolute Radio possibly up for sale
By CMU Editorial | Published on Wednesday 6 April 2011
According to reports, The Times Of India Group is looking to sell its UK radio business, which consists mainly of Absolute Radio.
TIML Radio Ltd owns a national AM licence, a London FM licence and various digital licences on which Absolute and its digital spin-offs operate. It acquired them, of course, from SMG back in 2008, they having operated Virgin Radio on the company’s frequencies.
There is a slightly complicated hierarchy of companies and holding companies involved in Absolute – so the licences are owned by TIML Radio and run by Times Infotainment Media, who in turn outsource the running of the stations to Absolute Radio International Consultancy. I’m not sure which of those is actually up for sale.
Absolute Radio’s spokesman said he had no comment on the reports at this time.
