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UK: Doubts raised by Commission over radio buyout

By  |  February 13, 2013
UK: Doubts raised by Commission over radio buyout

The UK’s Competition Commission has released a disapproving opinion on Global Radio Group Ltd’s acquisition of GMG Radio Holdings Ltd, arguing that the merger could lead to reduced competition and higher prices for radio advertisers. In its decision the Competition Commission said that the merger creates competition issues within seven overlapping areas of Britain, though it did recognize that advertisers who buy airtime through contracted agencies would not be adversely affected by the deal. Global Radio made the purchase for an undisclosed amount last June; the company declined to comment on the matter as the Commission’s opinion is not a final report.

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