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Global Media & Entertainment
Global Media & Entertainment Limited, trading as Global, is a British media company formed in 2007. It is the owner of the largest commercial radio company in Europe having expanded through a number of historical acquisitions, including Chrysalis Radio, GCap Media and GMG Radio. Global owns and operates seven core radio brands, all employing a national network strategy, including Capital, Heart, Smooth, Radio X, Gold, Classic FM and LBC.
Global is also one of the leading out-of-home advertising (OOH) companies in the UK.
Global was founded by Ashley Tabor-King in 2007, with financial backing from his father Michael Tabor, and purchased Chrysalis Radio, where Global took control of the radio brands Heart, Galaxy, LBC and The Arrow. A year later on 31 October 2008 Global Radio officially took control of all GCap Media and its brands. The GCap Media name was dropped at this time. The GCap purchase gave Global the network of FM stations which GCap had operated as The One Network (many of which are now part of the Heart or Capital networks), plus Classic FM, XFM, Choice FM, Gold and Chill.
Following the acquisition of GCap Media, Global was required to sell off a number of stations in the Midlands. The stations were bought by Orion Media, headed by Phil Riley, former Chief Executive of Chrysalis Radio.
Heritage local radio stations in areas not already served by Heart FM were gradually rebranded and incorporated into a larger Heart Network that covers most of southern England and parts of North Wales – the stations which would become Heart in the North were acquired later. The remaining stations briefly formed The Hit Music Network before being merged with the Galaxy network and Capital London into the Capital network.
On 25 June 2012, Global acquired GMG Radio for a sum thought to be between £50 and £70 million; it continued to be run separately while a regulatory review was conducted. In May 2013, the Competition Commission ruled that Global would be required to sell seven stations across the network.
The company initially offered to dispose of three stations, Real XS in Manchester and Scotland, and Gold in the East Midlands, to try to prevent the sale of the seven stations mentioned in the ruling. When this failed Global Radio launched an appeal against the decision.
The appeal was based on three grounds: (a) Real and Smooth as alternatives to the Greater Manchester stations, (b) reliance on "significant adverse effects" in the North-West (c) Global's remedy proposal (see above). The appeal was rejected on all grounds and the company must sell the seven stations it was ordered to in the original judgement, Global said it was disappointed with the decision and was considering it further.
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Global Media & Entertainment
Global Media & Entertainment Limited, trading as Global, is a British media company formed in 2007. It is the owner of the largest commercial radio company in Europe having expanded through a number of historical acquisitions, including Chrysalis Radio, GCap Media and GMG Radio. Global owns and operates seven core radio brands, all employing a national network strategy, including Capital, Heart, Smooth, Radio X, Gold, Classic FM and LBC.
Global is also one of the leading out-of-home advertising (OOH) companies in the UK.
Global was founded by Ashley Tabor-King in 2007, with financial backing from his father Michael Tabor, and purchased Chrysalis Radio, where Global took control of the radio brands Heart, Galaxy, LBC and The Arrow. A year later on 31 October 2008 Global Radio officially took control of all GCap Media and its brands. The GCap Media name was dropped at this time. The GCap purchase gave Global the network of FM stations which GCap had operated as The One Network (many of which are now part of the Heart or Capital networks), plus Classic FM, XFM, Choice FM, Gold and Chill.
Following the acquisition of GCap Media, Global was required to sell off a number of stations in the Midlands. The stations were bought by Orion Media, headed by Phil Riley, former Chief Executive of Chrysalis Radio.
Heritage local radio stations in areas not already served by Heart FM were gradually rebranded and incorporated into a larger Heart Network that covers most of southern England and parts of North Wales – the stations which would become Heart in the North were acquired later. The remaining stations briefly formed The Hit Music Network before being merged with the Galaxy network and Capital London into the Capital network.
On 25 June 2012, Global acquired GMG Radio for a sum thought to be between £50 and £70 million; it continued to be run separately while a regulatory review was conducted. In May 2013, the Competition Commission ruled that Global would be required to sell seven stations across the network.
The company initially offered to dispose of three stations, Real XS in Manchester and Scotland, and Gold in the East Midlands, to try to prevent the sale of the seven stations mentioned in the ruling. When this failed Global Radio launched an appeal against the decision.
The appeal was based on three grounds: (a) Real and Smooth as alternatives to the Greater Manchester stations, (b) reliance on "significant adverse effects" in the North-West (c) Global's remedy proposal (see above). The appeal was rejected on all grounds and the company must sell the seven stations it was ordered to in the original judgement, Global said it was disappointed with the decision and was considering it further.
