Would it have to be an existing commercial radio group though?
Could it be someone else who can see the profit that could be made, or even could it be a company from outside the UK?
Quite possibly, although in recent years new groups haven’t exactly been lining up to get into British radio. The only big new entrant to the market has been Communicorp, but only as a means of helping Global to roll out its brands.
Good point. Same issue as the last ITV franchise battle. All the cost cutting, studio closing and (sadly) experienced staff redundency was, at the time, said by the great and the good of the broadsheet media analysts, because once the shackles were off - ITV regionals would be picked off by overseas media giants.
So far. Nothing. Channel 5 to Viacom. Who were hardly new players to the UK Television market when Dirty Desmond flogged off 5 to them. And of course, Sky to Comcast.
But the great ITV sell off hasn't happened.
Radio. The same. Apart from Bauer, no-one else.
RTL had a stake in 'the old TalkRadio' (now Talksport) but sold that off - just before it posted its best ever Rajar survey which proved the mix of programmes and hosts has started to take root, and eat into BBC Local and Five Live's listening figures.
NRJ France had some minority stakes in one or two stationa, and Can West also had some low double digit share holding interests in some regional commerical stations. All soon sold up their shares and cleared off.