Friday 25 January 2008

Emap Radio sale approved

The sale of Emap Radio to German publishing company H Bauer has been approved.
At today's General Meeting, 98% of Emap shareholders authorised the disposal of the groups' 38 radio stations which includes London's commercial market leader Magic 105.4.

Bauer were confirmed as new owners of Emap's radio division in December, when it was revealed a final offer of £422 million was accepted for the stations.