Wednesday 16 January 2013, 10:36 | By

Former Virgin Radio boss out of bidding for Absolute

Media

Absolute Radio

A consortium led by former Virgin Radio boss John Pearson has pulled out of talks to buy Absolute Radio, according to reports.

As previously reported, Pearson began discussions with current Absolute owners TIML Radio late last year, and was initially thought to be the only prospective bidder, though last week it emerged that Bauer Radio was also in talks about acquiring the national station, and new reports suggest that TalkSport owner UTV Radio may also be interested. It is thought Pearson withdrew from the bidding over the price tag TIML Radio had applied to their UK business. He has told reporters: “I can confirm that we have withdrawn from the process”.

OR READ MORE ABOUT: | |

  • CMU Podcast: 19 v Sony, Taylor Swift v photographers, Sirius v the past, remembering Amy Winehouse
  • PRS campaign puts the spotlight back on safe harbours in wake of GEMA ruling
  • Taylor Swift label Big Machine not for sale, revisits alliance with Universal
  • Michael Robertson adds FreeBeats1 to his 6 Seconds app
  • CMU Beef Of The Week 260: Photographers v Pop
  •