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Business News Deals Media
Global Radio further expands its network with two FM buys in the North West
By Chris Cooke | Published on Tuesday 21 November 2017
Having presumably woken up and suddenly realised there are still some radio stations in the UK that it doesn’t own, Global Radio has acquired two more local FMs in the North West, namely Lancaster-based The Bay and Kendal-based Lakeland Radio.
Global has bought the stations from local media firm CN Group, which used to own a small network of radio stations around the UK in addition to its newspaper business, but which sold off much of that network a few years back.
It’s not entirely clear yet what will now happen to The Bay and Lakeland Radio, though Global moved away from having local radio brands some time ago, instead preferring local outposts for its national brands like Capital, Heart and Smooth.
Confirming the deal, Global boss Ashley Tabor said: “I’m pleased to announce our acquisition of The Bay and Lakeland Radio. This deal will give us coverage in new areas of the UK and means we can take our radio brands to more listeners”.
Meanwhile CN Group Chair Robin Burgess added: “We believe that both The Bay and Lakeland radio stations’ future growth and success is best placed in a focused radio operation. We are delighted Global has seen the success, and future potential, the staff and management team have built thus far. Through Global’s scale and expertise, we believe both stations have a bright future and we wish them the very best for the future”.
