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Radio Authority Approve Virgin Takeover
The Radio Authority sees no reason, in terms of plurality of ownership or diversity of output, to terminate the acquisition of Virgin Radio by Capital Radio on the grounds of public interest.
No final decision can be made by the Authority until the Office Of Fair Trading has completed its investigation into the competition implications of the proposed acquisition. The Authority’s decision will be published in full once the decision of the president of the Board of Trade is known.
The Authority has sought undertakings from Capital Radio that it will ensure that the news broadcast on Virgin’s services would be separately presented from that broadcast on Capital. Both these operations should also operate from separate news-rooms.
The Radio Authority: 0171 430 2724
