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.

UTV has got mixed results from the latest RAJAR (Radio Joint Audience Research) listenership figures for radio stations in Britain.

ULSTER Television has launched a €130 million bid for The Wireless Group, which runs Britain’s largest commercial talk radio station.

UK media group Chrysalis today said listeners defected from its radio arm in the final quarter of 2004, but claimed the worst of a downturn in advertising was over.

Scottish media group SMG has rebuffed a £100m (€145.3m) bid for Virgin Radio, it emerged today.