O’Brien group in UK radio deal

Denis O’Brien’s Communicorp media group is set to become the fourth largest commercial radio owner in the UK after agreeing the acquisition of eight regional stations.

These include leading player Global Radio, in a deal estimated to be worth £35m (€42m).

Global owns the London station Capital FM and was last year instructed by Britain’s Competition Commission to sell seven stations it inherited from its 2012 takeover of rival group, GMG Radio.