On 24 June 2012 Global Radio Limited acquired the entire issued share capital of GMG Radio Holdings Limited. The Secretary of State for Culture, Media and Sport issued an intervention notice on 2 August 2012 under the Enterprise Act 2002. The notice requested that Ofcom report on the public interest consideration raised by the merger of plurality of media control. It also referred the merger to the Office of Fair Trading for examination on competition grounds. On 28 September 2012, after an initial investigation, Ofcom reported that there was no need for a full investigation into the acquisition in relation to media plurality concerns. Ofcom found that the merger has a limited effect on the number of sources of UK-wide, regional and local news; consequently, Ofcom do not expect that it will operate against the public interest. The OFT, however, referred the matter to the Competition Commission for full investigation. The OFT examined the potential impact on the radio advertisement market and found that the loss of competition between the parties to the merger in a number of regional and local areas gave rise to concerns that the merger could result in increased prices for radio advertisers.
For more information please go to: http://stakeholders.ofcom.org.uk/binaries/consultations/gmg-radioholdings/ annexes/final.pdf and http://www.oft.gov.uk/news-and-updates/press/2012/90-12