Monday, July 29, 2013

Times Of India exits UK radio market

Somewhat inevitably, the Absolute family of radio stations have been swallowed up by Bauer, ending an exciting period when The Times Of India owned a national UK radio station.

It looks, roughly speaking, that the value of the portfolio - which also includes a bunch of decade-themed digital channels - has dropped about thirty million quid in the six or so years since the paper bought what was then called Virgin Radio.

This means that alongside Kerrang and Planet Rock, Bauer now adds Absolute Classic Rock to its stable of superserving the heavy metal fan. An exciting era of further consolidation beckons.