Bauer Media is reportedly the leading contender to buy digital radio station Planet Rock, and is also believed to be eying up a possible purchase of Absolute Radio and its London FM licence.

Planet Rock, which is believed to be losing between £200,000 and £300,000 a year, was put up for sale by owner Malcolm Bluemel last year.

A purchase of the digital station would allow Bauer to put all of its rock stations – including Kerrang! – under the Planet ...