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Media
Global’s Real Smooth appeal to kick off next month
By Chris Cooke | Published on Thursday 20 June 2013
The first ‘case management conference’ is in the diary for Global Radio’s appeal against the Competition Commission’s ruling regarding its takeover of GMG Radio stations Real and Smooth.
As previously reported, radio giant Global did a deal to buy the Real and Smooth networks last year, but in May the Competition Commission told the media firm it would have to sell more of its newly acquired assets than it would be allowed to keep because of concerns about the impact the deal would have on the local advertising market.
According to Radio Today, in its appeal Global will argue that the Commission did not take reasonable steps to “acquaint itself” with information relevant to the Real Smooth deal, that it lacked evidence in some regions as to how local advertisers made buying decisions, and that it didn’t do sufficient research to prove the deal would result in a “substantial” lessening of competition.
The first session to consider the appeal will be on 3 Jul.