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June 13, 2012

Report: Guardian Media Group receives £50m offer for radio business

By admin

Guardian Media Group has received an offer of around £50m for its radio business, which includes the Real Radio and Smooth Radio networks, according to a report in The Guardian.

A story on its website said GMG had ‘built up the UK’s third largest radio group with acquisitions totalling in excess of £200m’but was ‘not thought to have officially raised the ‘for sale’ sign over GMG Radio”.

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