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Kelvin Lane, Crawley,
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29th September 2016

News UK completes Wireless Group acquisition

Wireless Group owns brands including talkSPORT and Virgin Radio.

News UK have announced that the company has completed its acquisition of Wireless Group, and have received all required regulatory approvals.

The company has also said that it received the "overwhelming" approval of Wireless shareholders.

Chief executive of News Corp, Robert Thomson, said: “This acquisition eloquently illustrates our belief in the United Kingdom as a place to invest and do business. The strength of Wireless, with its digital and international capabilities, especially in sports coverage, will help our publishing brands engage with readers and advertisers. We are proud to welcome this valuable company with much potential into News Corp’s family of businesses.”

Chief executive of News UK, Rebekah Brooks, said: “The acquisition of Wireless Group brings together two highly complementary businesses with brands that have a track record of creating compelling content and attracting engaged and loyal audiences. It will allow us to bolster our products by sharing the best journalistic content and broadcasting talent in the industry. Additionally, we can offer cross-platform opportunities to advertisers and partners which we know that they want. We are excited to press ahead with new ideas that build on the strengths of both businesses.”

Chief operating officer of Wireless Group, Scott Taunton, said: “We are delighted to join the News Corp family and connect our strength in radio with News UK’s stature and media experience. News UK’s proven track record of investing in engaging content will significantly benefit our listeners and advertisers, and the excellent strategic fit will provide great opportunities for Wireless Group employees and talent."
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