The Week: City News - Global closes in on Emap

Global Radio has emerged as the frontrunner to buy Emap's £400 million radio division, according to The Times, because it has the cash to purchase it outright. The other bidders are GCap Media, Vitruvian Partners and Veronis Suhler Stevenson. The owner of talkSPORT, UTV, has bowed out of the auction.