Chrysalis Group announced this morning that it will be buying the Kiss radio stations in Manchester and Yorkshire.
The deal values the stations at £17.5m and Chrysalis, which owns the Heart and Galaxy 101 stations, will be funding the expansion through a £20m placing and open offer at 525p a share.
Kiss 102, in Manchester, has a weekly reach of around 245,000. It is estimated that the acquisition would give Chrysalis a potential audience of 21.8m which is around 46% of the UK’s adult population.
Q2 RAJAR results are released on Friday afternoon and will be available that day on Newsline.
Chrysalis: 0171 221 2213
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
