Report: Richard Park Close To Deal With Global Radio

RICHARD PARK, the radio and music industry executive credited with much of the early success of CAPITAL RADIO in LONDON, is set for a role with GLOBAL RADIO, the Irish-backed acquisition vehicle that last week snapped up CHRYSALIS RADIO for £170m, reports U.K.'s THE TELEGRAPH.

His appointment to aid GLOBAL is bound to lead to speculation that the company's next target is GCAP MEDIA, the company that now owns CAPITAL RADIO.

Such speculation was described as "off the mark" by one person close to the company. However, PARK is also known to be close to EMAP and advises the media group through his consultancy business. EMAP recently lost its chief executive, TOM MALONEY.

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