Bauer Media set to acquire Wireless local stations across England and Wales in third UK investment this week08 February 2019 - Press release
Bauer Media Group has today announced it will acquire Wireless local stations across England and Wales in its third acquisition this week.
Wireless is made up of fifteen licences across Lancashire, Cheshire, Shropshire, Derbyshire, West Yorkshire, Staffordshire and South Wales.
Paul Keenan, CEO Bauer Media and European Radio commented: "We are delighted with our acquisition of Wireless local licences. This group of established, successful stations complements our existing portfolio and extends our reach and local advertising offer to new areas of the UK“.
Wireless local stations, with a weekly reach of 850,000 listeners, build on Bauer’s previous successful acquisitions of Celador Radio and Lincs FM Group.
He adds: "The Wireless local stations acquisition further underlines our belief in the UK and in radio. Outstanding content and growing audiences have driven three years of consecutive records for UK radio ad revenue. As the medium grows ever-more digital and adapts to new listening devices the opportunity expands to offer new and interesting services for listeners and advertisers. It’s a very exciting time to be in the audio business.“
Scott Taunton, CEO of Wireless, adds: “Wireless local radio teams are talented professionals who serve their audiences with great passion. They are defined by their dedication to local journalism and commitment to serving their local communities. The stations are thriving, as yesterday’s RAJARs underline. We believe these local stations will find a good home with Bauer.”
He continues: “Wireless is a key priority for News UK, and this deal allows us to continue investing in our growing digital and national stations, talkSPORT, talkSPORT2, talkRADIO and Virgin Radio, and our successful Irish businesses.”