 "The Independent on Sunday (London, England)")
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Chrysalis runs into investor interference over radio bid.(Business)
From:
The Independent on Sunday (London, England)
| Date:
March 27, 2005| Author:
| COPYRIGHT 2005 Independent Newspapers (UK) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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Byline: Tim Webb
Institutional shareholders at Chrysalis are warning the radio and publishing company against pursuing its interest in the radio assets of Guardian Media Group.
Chrysalis is anxious to bolster its radio division - which includes LBC Radio and Heart - to close the gap with the market leader, the recently merged Capital Radio and GWR.
The company confirmed last week that it was considering making a formal offer for GMG's radio division, which includes Jazz FM. Chrysalis is thought to believe the division is worth around pounds 110m.
But ...
