History
Global Radio was founded by Ashley Tabor and in 2007 purchased Chrysalis Radio, where Global took control of the radio brands Heart, Galaxy, LBC and The Arrow. A year later on 31 October 2008 Global Radio officially took control of all GCap Media and its brands. 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 or Capital networks), plus Classic FM, XFM, Choice FM, Gold and Chill.
Following the acquisition of GCap Media, Global were required to sell off a number of stations in the Midlands. The stations were bought by Orion Media, headed by Phil Riley, former Chief Executive of Chrysalis Radio.
Heritage local radio stations in areas which were not already served by Heart FM were gradually rebranded and incorporated into a larger Heart Network that covers most of southern England and parts of North Wales. The remaining stations briefly formed The Hit Music Network before being merged with the Galaxy network and Capital London into the Capital network.
On 25 June 2012, Global acquired GMG Radio for a sum thought to be between £50 and £70 million and will continue to be run separately whilst a regulatory review is conducted. In May 2013, the Competition Commission ruled that Global would be required to sell seven stations across the network.
Read more about this topic: Global Group
Famous quotes containing the word history:
“A country grows in history not only because of the heroism of its troops on the field of battle, it grows also when it turns to justice and to right for the conservation of its interests.”
—Aristide Briand (1862–1932)
“What is most interesting and valuable in it, however, is not the materials for the history of Pontiac, or Braddock, or the Northwest, which it furnishes; not the annals of the country, but the natural facts, or perennials, which are ever without date. When out of history the truth shall be extracted, it will have shed its dates like withered leaves.”
—Henry David Thoreau (1817–1862)
“The second day of July 1776, will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated, as the day of deliverance, by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires and illuminations, from one end of this continent to the other, from this time forward forever more”
—John Adams (1735–1826)