UBC Increases Oneword Stake In Guardian Stock Deal

The Guardian Media Group (GMG) has acquired a shareholding in UBC Media Group, following UBC’s purchase of part of GMG’s minority shareholding in Oneword Radio, the only national commercial digital station dedicated to the spoken word.

Following the purchase of part of GMG’s shareholding in Oneword Radio, UBC’s interest in the station is increased to 50%.

Commenting on the transaction, Simon Cole, chief executive of UBC said: “We are delighted to welcome Guardian Media Group as a shareholder in UBC, as it further cements a long-standing commercial relationship between the two companies. We are pleased that this opportunity also allows UBC to increase its shareholding in Oneword Radio, as we believe the opportunities for the station are substantial as a result of the accelerating take-up of digital radio in the UK”.