5th Jun 2015 06:49
LONDON (Alliance News) - UTV Media PLC on Friday said it has agreed a deal to sell its Juice FM business to Global Radio Holdings Ltd, a subsidiary of This is Global Ltd, for GBP10 million.
Juice FM is UTV's Liverpool-based radio station and posted a pretax profit of GBP408,000 in the year to December 2014, on revenue of GBP2.2 million.
UTV said the strategic review of its remaining independent local radio stations is ongoing, and it will make further announcements on the process of the review in due course.
By Sam Unsted; [email protected]; @SamUAtAlliance
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