News Corp buys Wireless Group

By iSportconnect | June 30, 2016

News Corp have made a step into radio as it agreed to takeover the Wirless Group, the company formerly known as UTV Media

UTV changed its name to Wireless Group in February following the sale of its UTV Television division to broadcaster ITV. This left Wireless with radio assets, including talkSPORT.

News Corp, owned by Rupert Murdoch, will pay £220.3 million to seal the deal.

“The proposed investment is a clear sign of our commitment to, and belief in, the United Kingdom as a place to do business successfully and profitably,” said Robert Thomson, News Corp’s chief executive.

“We plan to leverage Wireless’ portfolio of radio and digital audio sports rights, including the Premier League, in the UK, Ireland and beyond, through News Corp’s digital platforms. We believe the businesses together can be far more than the sum of their parts,”