Will Richard Branson Resurrect Virgin Radio?
April 15, 2011 at 4:42 AM (PT)
SIR RICHARD BRANSON is reportedly looking to buy back VIRGIN RADIO. U.K.'s THE DAILY TELEGRAPH reports SIR RICHARD "will make a bid TODAY for ABSOLUTE RADIO. The radio group is being sold by its INDIAN owner TIML RADIO, part of BENNETT COLEMAN, just three years after they acquired the group without the VIRGIN brand for £53.2m and renamed it ABSOLUTE RADIO."
Other names associated with a potential purchase include talkSPORT owner UTV, GLOBAL RADIO and ORION MEDIA. THE TELEGRAPH also notes BAUER MEDIA has expressed some interest.