- published: 26 Nov 2013
- views: 160782
Global Radio UK Ltd. is a British commercial radio company, the largest in the country following acquisitions of Chrysalis Radio and GCap Media.
The company's Chief Executive Officer is Stephen Miron, while the Group Chairman is Charles Allen. Richard Park is Group Executive Director and Director of Broadcasting.
According to media reports Global Radio was funded 75% by a consortium including John Magnier, JP McManus, Michael Tabor and Dermot Desmond. Debt from HBoS and Bank of Ireland comprised the remaining 25% of the 375 million pounds used to form the group.
In the 2007 purchase of Chrysalis, Global took control of Heart, Galaxy, LBC and The Arrow.
Global Radio officially took control of all GCap Media brands at 23:59 on 31 October 2008. The GCap Media name was dropped at this time. The GCap purchase gave Global the network of FM stations which GCap had operated as The One Network (many of which are now part of the Heart Network or the Capital FM Network), plus Classic FM (UK), Xfm, Choice FM, Gold and Chill.