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Sunday, 6th July 2008

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Virgin Radio sale back on agenda



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SMG's plans to offload Virgin Radio appear to be back on track after it confirmed receiving interest from a number of potential bidders.
The group said yesterday it was now "exploring its options" for Virgin, initially put up for sale last year before the credit crunch forced the Glasgow-based media group to put its plans on hold.

It is thought to have hired investment bank Jefferies International to lead the sale process after overhauling its finances. Suitors said to be in the running for Virgin include Guardian Media Group, private equity firm Vitruvian and Global Radio, the outfit chaired by former ITV boss Charles Allen.



The full article contains 112 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 20 January 2008 8:18 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: Virgin
 
 

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