Global Radio loses Competition Appeal Tribunal
Global Radio has lost its appeal agains the Competition Commission's ruling that it must sell off seven of its stations following the takeover of GMG Radio last summer.
Global Radio had taken its case to the Competition Appeal Tribunal in May, but the CAT dismissed the appeal on Friday.
A spokesperson for Global Radio said: "Obviously this is a disappointing outcome. We share the concerns of many within our industry, who believe the basis on which the Competition Commission formed their decision to be outdated."
Global had offered to sell three stations to appease the commission as the only areas where the GMG takeover was cleared were London and the West Midlands. In the other regions the commission ruled that Global had to sell either a Real or Smooth station, or one of its own stations, for example Heart or Capital.