By John McCarthy

Rupert Murdoch’s media giant Newscorp has swept in to buy Wireless Group which owns popular stations TalkSport and Virgin Radio.

Pitching in £220.3m ($290.3m), the company said: “Wireless represents an excellent strategic fit with its existing operations, broadening News Corp’s range of services in the UK, Ireland and internationally.”

Robert Thomson, chief executive of News Corp said: “The proposed investment is a clear sign of our commitment to, and belief in, the United Kingdom as a place to do business successfully and profitably.

“With its strength in radio, as well as its digital and international growth potential, Wireless will help improve the Read full story ›

Source: The Drum