TV always gets the headlines.
GWR's portfolio is currently restricted to owning 38 local licences and the Classic FM station. The UK commercial radio industry has been clamouring for the chance to reduce the number of players in the sector from around 12 to three, which would spark a multimillion pound acquisition spree. The first sign of intent has been Scottish media giant SMG's move for Scottish Radio Holdings, which owns the Radio Clyde and Radio Forth stations. Shares in SRH yesterday soared 122.5p to 1620p after it appointed advisers for a sale. However, Mr Bernard said there will still be a high degree of manouevring among the big players, which include Emap and Capital Radio.