Management buyout of Chryalis possible in UK

The boss of UK music publishing and radio group Chrysalis is today understood to be considering the possibility of a management buyout of the firm’s radio business if private equity backing can be secured.

Chrysalis chief executive Richard Huntingford is believed to have mooted the idea of a management buyout for the Heart and Galaxy radio station arm, which could include senior staff such as Chrysalis Radio chief executive Phil Riley, according to a report in The Sunday Telegraph.