Virgin Radio’s former chief executive John Pearson has withdrawn from a bid to buy Absolute Radio due to a difference in opinion over price.
Pearson was reportedly hearing a deal before Christmas, but has since confirmed that he has withdrawn from the process, according to Radio Today.
The front-runner for the station could now be Bauer Media, who is also said to be looking at buying digital radio station Planet Rock.
A buy-up of the Absolute Radio ...
Register for a Music Week trial to access this article. Sign up today and you will receive: