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News Corp buys talkSPORT radio owner

News Corp logo
News Corp logo

Media giant News Corp has forayed into the UK radio sector by acquiring Wireless Group, the owner of talkSPORT radio and the recently launched national station talkRADIO.

The deal worth �220m will boost News Corp’s outlets, which currently consists of The Times, The Sun newspapers, Dow Jones wire service and publishing company HarperCollins.

News Corp’s chief executive, Robert Thomson said, “We look forward to welcoming Wireless into News Corp’s global family of businesses. With its strength in radio, as well as its digital and international growth potential, Wireless will help improve the engagement of our publishing brands, especially those within News UK.”

News Corp was a 30% shareholder in Wireless Group, as was John Malone�۪s Liberty Global which held 28%, when UTV acquired the business in 2005.