Kiss and Magic owner Bauer Media has bought digital radio station Planet Rock in a deal worth over £1 million (€1.23m).

The loss-making digital radio station was put up for sale by its owner, millionaire entrepreneur Malcolm Bluemel, last year.

Bauer, which has also held talks to buy another loss-making national music station, Absolute Radio, is expected to rebrand some of its existing stations using the Planet Rock brand. It already has two rock brands, Kerrang and music magazine spin-off Q.

Other posts by :

1. Musk delays Moon landing until 2027
2. Hughes Satellite facing cash crunch
3. Major banks support AST SpaceMobile
4. Fitch downgrades DirecTV debt
5. BBC: You’ll miss me when I’m gone
6. Some new US Starlink subs face $1,000 start-up fee
7. Project Kuiper beating OneWeb
8. OQ Tech gets Luxembourg 5G-by-Sat concession
9. Roskosmos: Heads roll, launch project scrapped

Categories: Articles, Business, Digital Radio, M&A