GMG receives £50m offer for radio business |
![]() |
|
|
Thread Tools | Search this Thread |
|
|
#477 | ||
|
Forum Member
Join Date: May 2004
Posts: 9,797
|
Quote:
Quote:
More like all programmes in the NW and NE will come from London. But until a deal is done and Global put in a request to Ofcom for a change we won't know? But if it is not making a good profit and sold to Global, will just reduce to breakfast and drive with Tony Anstis and Nick Snaith finding they have some Welsh and Scottish links |
||
|
|
|
|
|
#478 |
|
Forum Member
Join Date: May 2004
Posts: 9,797
|
Meant Toby Anstis, seems "It is currently the most listened to commercial radio show in the UK." and may be much bigger (with improved ad rates and profitability) if Global get their way to buy and rebrand Real!
|
|
|
|
|
|
#479 | |
|
Forum Member
Join Date: Mar 2006
Location: Shawlands, Glasgow
Services: Everything......and a ruddy waste of money it is too!
Posts: 2,406
|
Quote:
UTV would have to retain the existing GMG operation as-is, albeit with limited scope for shared back office savings. They would have to still retain the existing GMG operations, for example the costly Baillieston HQ out of which comes Real Scotland, Smooth Glasgow, and Real Radio XS 96.3. Global on the other hand would close this operation and instead simply run Heart and Gold out of their existing Capital FM HQ in Glasgow. Virtually all the staff at Baillieston would be let go apart from a few presenters to cover off the local opt-outs on Heart and Gold (I presume Real XS would shut), and maybe a couple of sales staff would transfer too, to support Global's enhanced operation in Scotland. Everybody else (producers, journos, S&P people, sports team and whoever does the cleaning at Baillieston) would be let go, and at Pacific Quay current Capital Scotland MD Paul Cooney would oversee an ultra lean operation making the most of his existing staff. This pattern would repeat across the country. |
|
|
|
|
|
|
#480 | |
|
Forum Member
Join Date: May 2004
Posts: 9,797
|
Quote:
Agree that Global will make much more savings and profit! |
|
|
|
|
|
|
#481 | |
|
Guest
Join Date: Nov 2009
Posts: 949
|
Quote:
|
|
|
|
|
|
|
#482 |
|
Forum Member
Join Date: Feb 2009
Posts: 4,700
|
I notice most of the talk here is about the large size parts of a merged business.
But when I first was reading this post I forgot that Real Radio XS was in Scotland. With XFM being Global's smallest brand it seems (809.000 listeners approx), I had wondered if Bauer would be interested in the two XFM's, now wonder if they would want Real Radio XS either as XFM brand or Kerrang. Or could Absolute take Real Radio XS and Kerrang take XFM? Also wondered how Orion would react if Smooth was called Gold in the West Midlands, but see that they are rebranding to Free Radio 80's (with Absolute 80's being the most popular of the Decade brands will be intersting to see if an AM station with Sport added in could be a Decade station). |
|
|
|
|
|
#483 | |
|
Forum Member
Join Date: Jul 2007
Posts: 5,842
|
Quote:
|
|
|
|
|
|
|
#484 | |
|
Forum Member
Join Date: Mar 2006
Location: Shawlands, Glasgow
Services: Everything......and a ruddy waste of money it is too!
Posts: 2,406
|
Quote:
Looked at another way, UTV's GB arm as a business is a continuation of The Wireless Group. TWG also owned Scot FM of old which they sold to GMG in 2001 to become Real Radio Scotland! GMG have to bear in mind that while they have had to write down their radio assets, it is they who are significantly responsible for falsely inflating the value of radio stations by the very making of big money purchases over the past decade or so in the first place! |
|
|
|
|
|
|
#485 | |
|
Forum Member
Join Date: Jul 2007
Posts: 5,842
|
Quote:
The whole Global takeover of GMG has gone strangely quiet, unlike the takeover of Gcap when news was leaking out every day.,, |
|
|
|
|
|
|
#486 |
|
Forum Member
Join Date: Apr 2012
Posts: 473
|
Come on private investors, save the radio.
|
|
|
|
|
|
#487 | |
|
Forum Member
Join Date: Mar 2001
Location: Swansea
Services: Sky HD, DAB, 3
Posts: 4,719
|
Quote:
Hope if Global do get Real, they will do something with it, I think putting Gold on to FM would be a good move - they can keep Heart up North, and Capital down South, putting Gold on to FM, maybe with local Breakfast & Drive would be a good idea, then they could get rid of their AM transmitters! or - maybe they will put Smooth out in Wales?? |
|
|
|
|
|
#488 | |
|
Forum Member
Join Date: Oct 2002
Location: Glasgow
Services: Sky HD+BB, DAB, Vodafone UK/TR, GiffGaff & 3 Data
Posts: 8,804
|
Quote:
Hopefully the GMG deal will be concluded soon and Global can get on with the business of delivering their popular formats to more areas. |
|
|
|
|
|
|
#489 | |
|
Forum Member
Join Date: Mar 2006
Location: Shawlands, Glasgow
Services: Everything......and a ruddy waste of money it is too!
Posts: 2,406
|
Quote:
Global’s interest in GMG is their licences AND ONLY THE LICENCES. I imagine Global have no interest in taking on GMG’s radio business as a whole, as this will simply mean they have the costs involved in closure. This ranges from redundancy payments to the very high HR costs of ensuring this process is fair and above board, costs of breaking contracts, service agreements and leases, returning properties to the state they found them…….and so on.....as you rightly say. Global will probably want GMG to deal with all of this but GMG will want the cost of doing so offset by a higher sale price. Global will therefore also need to know exactly what they want to do with the stations before any deal is concluded. The scenario would probably be very similar (but on a larger scale) to when GMG bought Q96 in 2006. They didn’t inherit the business as a whole, so they avoided TUPE transfer laws, and it was left to Q’s owners UTV to go through the due HR process of looking for other posts for their staff within their own business then making them redundant. However at the same time, GMG management DID give Q staff the chance to apply for consideration for transfer to GMG’s operation . Then Radio Scotland PD Jay Crawford actually went into Q and gave the presenters the chance to pitch to him, and a handful of them and other staff did transfer over. I imagine Global’s ideal would be a similar ‘cherry-picking’ exercise leaving GMG to tidy up the rest. |
|
|
|
|
|
|
#490 | |||
|
Forum Member
Join Date: May 2004
Posts: 9,797
|
Quote:
But from the wiki seems Gold itself has been slowly evolving moving into Heart's age range. Quote:
Quote:
Nothing on Media Guardian today, so talks may last for another week or two? |
|||
|
|
|
|
|
#491 |
|
Forum Member
Join Date: May 2004
Posts: 9,797
|
|
|
|
|
|
|
#492 |
|
Forum Member
Join Date: Oct 2002
Location: Oxfordshire
Services: BT Internet, Freeview
Posts: 752
|
|
|
|
|
|
|
#493 | |
|
Forum Member
Join Date: Jan 2005
Posts: 1,396
|
Quote:
In every survey since then until this one, "Global ILR" has scored *more* than that.. getting up to 537k in the first survey after the stations merged - admittedly declining since that. But even the last one (383k) is only about 4 per cent down on GCap's performance, which when you consider the amount of cost they've stripped out is a nailed-on business win. Are people flocking to the merged stations? No. Is there much evidence yet that they're deserting in great enough numbers to worry the powers-that-be in Leicester Square? I'd say not. |
|
|
|
|
|
|
#494 |
|
Forum Member
Join Date: Apr 2004
Posts: 8,232
|
Global have confirmed the purchase:
https://twitter.com/MaisieMcCabe/sta...82077165109248 http://radiotoday.co.uk/2012/06/glob...uys-gmg-radio/ |
|
|
|
|
|
#495 |
|
Forum Member
Join Date: Sep 2006
Posts: 3,952
|
Blimey! Global buys GMG? Who'd have thought it? That came from nowhere! We should start a discussion about that!
(DPB should win a prize, though, for being first! )
|
|
|
|
|
|
#496 |
|
Forum Member
Join Date: Oct 2007
Posts: 1,798
|
Let the fun begin.
I predict Real will be Heart and Smooth will be Gold by Christmas, provided it doesn't go to the Competition Commission. It didn't with GCap, and that took about 6 months. Question is now - what will they sell? |
|
|
|
|
|
#497 | |
|
Forum Member
Join Date: Jul 2007
Location: Gloucester
Services: Virgin Media, Freeview
Posts: 1,043
|
Quote:
Real will become Heart that is obvious, it gives Global a Heart station in Scotland, Wales and the north which they desperatly wanted. I am not sure about Smooth though. Will there be competition issues in the West and East Midlands and London? They had to off load Heart in the East Midlands so will they not have to sell Smooth in the same area? It may be possible Global only really wanted Real and might sell off Smooth. If not I cant see it becoming Gold, if it does then they will really need to up Golds game as at the moment I dont believe it is strong enough! |
|
|
|
|
|
|
#498 |
|
Forum Member
Join Date: Jan 2011
Location: Motherwell
Services: Sky+Ent.x--Virg b.band--GiffGaff mobile--Dab+TuneIn in car
Posts: 202
|
So the heart attack starts... A shame for all the djs that are
going to lose their jobs. Here in Scotland The Real Radio Football phone in is very popular- Will Heart keep that? (assuming that changes take place) Gee How radio has changed over the last few years, eh. |
|
|
|
|
|
#499 |
|
Forum Member
Join Date: Apr 2006
Location: Chelmsford
Services: Sky +, Tivo, BT Openreach.
Posts: 3,117
|
|
|
|
|
|
|
#500 | |
|
Forum Member
Join Date: Sep 2010
Posts: 3,143
|
Quote:
The Welsh Assembly Government will probably make a submission to the CC about the same company owning Capital & Real in Cardiff (and Real & Heart in North Wales). The fun has only just begun with this one - it could drag on for months, if not a year. |
|
|
|
|
![]() |
«
Previous Thread
|
Next Thread
»
| Thread Tools | Search this Thread |
|
All times are GMT +1. The time now is 09:13.





)