Talk finally yields to MacKenzie bid

Article Abstract:

TalkCo, a consortium led by Kelvin MacKenzie, has convinced CLT-Ufa Radio to sell its 63.2% stake in the radio station Talk Radio in a deal valued at 24.7 million pounds sterling. Talk Radio Managing Director Paul Robinson together with the station's management team is expected to stay with the station despite their initiative to buy the station against TalkCo. TalkCo, however, announced that it plans to change the station's management structure with a new one including a new programming chief. MacKenzie is expected to head the station while speculations points at Nick Ferrari as the new programming chief.

Comment:

Agrees to sell its 63.2% stake in the radio station Talk Radio in a deal valued at GBP24.7 mil

Talk Radio, TalkCo, CLT-Ufa Radio

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Talk chiefs plot to foil MacKenzie bid

Article Abstract:

Talk Radio's management team, led by managing director Paul Robinson, plans to offer a bid to takeover the radio station from majority shareholder CLT-Ufa in order to rival the bid of 26 million pounds sterling from Kelvin MacKenzie's group. The management team, which also includes programme direcor John Simons, will be helped by its former backers such as the Guardian Media Group and United News & Media. The plan by Talk Radio's management, which is its second effort to buy stakes in Talk Radio, is also deemed supported by other major media companies.

Comment:

Talk Radio's mgmt team plans to offer a bid to takeover Talk Radio from this firm, the majority shareholder of Talk Radio

CLT-UFA

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