BBC Homepage World Service Education
BBC Homepagelow graphics version | feedback | help
BBC News Online
 You are in: UK: Scotland
Front Page 
World 
UK 
England 
Northern Ireland 
Scotland 
Wales 
UK Politics 
Business 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 

Wednesday, 20 December, 2000, 12:27 GMT
Radio group in takeover talks
Radio Clyde
SRH began life as Radio Clyde in 1973
Scottish Radio Holdings, which owns a number of commercial stations, has confirmed that it is in takeover talks.

The radio group said that it has received approaches from a number of parties and is now in talks which may lead to an offer.

SRH was the subject of a dawn stock market raid last month by rival Scottish Media Group, which owns Scottish and Grampian Television.

The acquisition led to a rise in shares and mounting speculation that the radio group would be bought over.

Richard Findlay
SRH Chief Executive, Richard Findlay
Shares jumped a further 9% in December after SRH announced it had appointed investment banker Goldman Sachs to carry out a strategic review.

Now the stage is set for Scotland's largest radio owners to be taken over.

The latest development comes in the wake of a UK Government white paper on the communications industry which outlines plans to allow consolidation in the radio sector.

If passed, the draft legislation would pave the way for a series of mergers.

Several companies have already been tipped as bidders for SRH, including Scottish Media Group, worldwide media company Emap and London based Capital Radio.

Expansion plans

Scottish Radio Holdings began life as Glasgow based station Radio Clyde on 31 December 1973.

In 1988 it acquired Aberdeen based Northsound Radio before taking over Radio Forth, which already owned Radio Tay and Radio Borders, in 1992.

In 1994 the parent company's name was changed to Scottish Radio Holdings plc.

SRH completed the acquisitions of West Sound Radio and South West Sound in 1996 and Inverness based Moray Firth Radio in 1997.

It also owns Downtown Radio and Cool FM in Northern Ireland and 33 newspaper titles.

Search BBC News Online

Advanced search options
Launch console
BBC RADIO NEWS
BBC ONE TV NEWS
WORLD NEWS SUMMARY
PROGRAMMES GUIDE
See also:

26 Jul 00 | Scotland
Broadcast portal airs its plans
12 Jul 00 | Scotland
Capital pounds the Scottish Beat
17 Apr 00 | Scotland
Capital agrees Border carve-up
15 Mar 00 | Scotland
Radio group sets sights on TV
03 Sep 99 | Entertainment
Radio plans digital future
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Scotland stories are at the foot of the page.


E-mail this story to a friend

Links to more Scotland stories