MacKenzie snares Talk Radio in pounds 25m agreement with CLT

TalkCo, the consortium headed by Kelvin MacKenzie, has finalised its acquisition of Talk Radio in a deal which values the station at pounds 24.7 million.

TalkCo, the consortium headed by Kelvin MacKenzie, has finalised

its acquisition of Talk Radio in a deal which values the station at

pounds 24.7 million.



The new management structure is likely to be announced next week. It has

been widely speculated that Paul Robinson, the managing director of

Talk, will leave the company once MacKenzie comes on board.



Presenters rumoured to be lined up for the station by TalkCo include

Richard Littlejohn and Andrew Neil. Kirsty Young, the station’s

breakfast presenter, is on extended leave and is not expected to

return.



’We believe that an intelligent and comment-driven format will appeal to

listeners and advertisers alike, as has been proved in the US and

Australian market,’ Mac-Kenzie said.



TalkCo is backed by the venture capital group, MVI, which owns 35 per

cent of the radio station, alongside Radio Investments, News

International and Liberty Media.



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