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Rumors: UK's UTV Interested In Buying Rival SMG
July 25, 2006 at 6:15 AM (PT)
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Rumors are flying in UK radio circles that UTV, which bought THE WIRELESS GROUP last year, is considering a bid to take over rival SMG, owner of VIRGIN RADIO and SCOTLAND's ITV station STV. SMG CEO ANDREW FLANAGAN resigned under fire last week, and, while carrying a larger market capitalization than UTV, has been struggling and its stock price has dipped in recent days.

