The Wireless Group (TWG) has acquired from Clear Channel, 38% of the London II digital radio multiplex licence, which reaches a potential audience of 10.8 million.
The group has also taken Clear Channel’s 23% holding of the digital multiplex that covers Glasgow and Edinburgh, paying £898,000 in total for the combined stakes. TWG already owned 42.5% of the London II multiplex and 69% of the central Scotland multiplex.
Kelvin MacKenzie, chief executive of TWG, said: “With digital radio sets now becoming the new hot consumer item, these two purchases are timely. As Sky so successfully proves, the digital future is here today.”
