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Media
More Absolute speculation
By CMU Editorial | Published on Monday 6 June 2011
There was new speculation last week regarding the future of Absolute Radio, which current owners TIML are trying to sell. According to The Telegraph, both Global Radio and Midlands-based Orion Media Group, who had expressed an interest in buying the national station, have now pulled out of the bidding.
That leaves the favourite bidders as TalkSport owners UTV and the national station’s original owners the Virgin Group. Some are speculating the two companies might collaborate on a takeover, with UTV using Absolute’s nationwide AM frequencies for a second talk station, and then working with the Virgin Group to use Absolute’s London FM frequency and digital channels to relaunch Virgin Radio.
Though none of the rumoured bidders are talking just at the moment.
