UTV Looking To Sell Its Local Radio Stations
UTV Media GB is up for sale, according to reports the past few days. UTV Radio GB operates talkSPORT plus 13 independent local radio stations in England and Wales as well as a number of digital radio multiplexes.
UTV has confirmed it is currently assessing the options for its UK independent local radio stations which “may or may not lead to the disposal of some or all of these stations”. The company also confirms a further announcement will be made in due course, as appropriate.
A UTV statement said: “The directors of UTV continue to manage the overall group in the best interest of its shareholders and confirm that UTV is currently assessing the options for its UK independent local radio stations which may or may not lead to the disposal of some or all of these stations.
“UTV has an established portfolio of successful and profitable radio stations and is one of the largest radio operators in the UK.” They acknowledged that it would not be parting ways with TalkSport, Sport Magazine, TalkSport International or any of its Irish radio stations.
There is quite a lot of talk about this online as you might expect – http://forums.digitalspy.co.uk/showthread.php?t=2038951
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