Former Virgin Radio boss out of bidding for Absolute
By Chris Cooke | Published on Wednesday 16 January 2013
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 He has told reporters: “I can confirm that we have withdrawn from the process”.