Global Radio responds to Hunt's Ofcom order
Global Radio has responded to a request from Culture Secretary Jeremy Hunt that its £70m acquisition of Guardian Radio Group be investigated by Ofcom.
Hunt has asked Ofcom to investigate whether the deal is in the public interest over concerns that it will give Global control of 20% of the UK radio market. Rivals have argued that the move would also mean Global would own more than 50% of total commercial radio revenues.
"On the basis of the information available ...
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