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Media
Media Sound Holdings buys Isle Of Wight Radio
By CMU Editorial | Published on Monday 8 October 2012
Independent radio firm Media Sound Holdings, which operates various commercial stations on the South Coast, has bought the company behind Isle Of Wight Radio, which also publishes IOW regional magazine Beacon. Directors from the acquired firm, Claire Willis and Hedley Finn, will join the board of MSH, with Willis taking on a business development role at the company in addition to continuing as MD of IOW Radio. The deal shouldn’t have any on-air impact, in the short term at least.
Confirming the deal, MSH CEO Allan Moulds is quoted by Radio Today thus: “Media Sound Holdings is a profitable and ambitious radio group and we are very much looking forward to working with Claire and her talented team at the Arqiva Radio Station Of The Year Isle Of Wight Radio. This deal will allow our five radio stations to continue to deliver great local radio whilst benefiting from economies of scale. In addition, we have some very exciting plans to expand both our events and magazine activities”.
Willis added: “Isle of Wight Radio has 22 years of heritage and has been awarded a number of industry accolades. Since taking over The Beacon Magazine in July 2011 we have been looking further at ways we can develop the business and we are delighted to be merging with Media Sound Holdings as this provides scope on so many levels to grow and also introduce new platforms”.
