The Bauer Media Group has acquired the market-leading Midlands based commercial radio group Orion Media, which operates the Free Radio and Gem radio brands.
Reaching more than 1.25m million people weekly, Free Radio and Gem complement Bauer’s network of city stations and extend the total reach of Bauer‘s national and regional radio brands to 17.4 million. The move sees Bauer Media’s share of UK commercial radio listening increase to 34% and further develops it’s unique offer to advertisers and commercial partners.
The award-winning teams at Free Radio and Gem deliver much loved, compelling, local content in Birmingham, Wolverhampton, Coventry, Derby, Leicester, Hereford & Worcester and Nottingham.
Paul Keenan, CEO, Bauer Media commented, “Free Radio and Gem are influential radio stations in one of the UK’s fastest growing regions.
He continued, “Bauer’s desire to build out its extensive radio business is testament to the nature of the industry which continues to be a strong, robust and growing platform, thriving in the always-on, mobile, connected world. It’s promise of music discovery and curated entertainment; intimate companionship; and trusted and vital local news make it relevant and essential to its growing audience.”
“Bauer Media’s leadership in digital and personalised advertising technology such as InStream+ will accelerate the development of the brands and we look forward to working with the team to grow the business.”
Adrian Serle, CEO, Orion Media said, “"Orion has established market-leading status for audiences and revenues in each of its markets, something our teams should be immensely proud of - we are extremely confident that the business will continue to thrive under Bauer's ownership"
The transaction provides an exit for Orion Media's institutional backers, LDC, the private equity arm of Lloyds Banking Group, which originally invested in the business in 2009.
In the UK, Bauer Media now has 71 radio stations including national radio brands KISS, Magic and Absolute Radio; local brands forming the Bauer City Network including Key 103 in Manchester, Radio City in Liverpool, Hallam FM in Sheffield, Metro Radio in Newcastle, Clyde 1 in Glasgow and Forth 1 in Edinburgh; and is a UK market leader in digital listening with a strong portfolio of digital commercial radio stations.
Based in Hamburg, Bauer Media Group is one of the world’s most successful media companies. Over 600 magazines, more than 400 digital products and 100 radio and TV stations reach millions of people across the globe. The company has more than 11,000 employees in 20 countries.
For Further information:
Communications Director, Bauer Media (Radio)
0207 432 3317
About Bauer Media UK:
Bauer Media UK reaches over 22 million UK consumers through a portfolio of world-class, multi-platform media and entertainment brands including heat, KISS, Grazia, Empire, Magic and Absolute Radio. It creates and curates entertaining media content that audiences love whenever, wherever and however they want through a multi-channel strategy and a focus on product excellence and audience insight. The result is an exciting array of influential brands, content and talent which provide compelling and engaging advertising opportunities with valuable audiences for UK commercial partners. Bauer Media UK is part of the Bauer Media Group, one of the world’s largest privately owned media businesses with media assets all over the globe.
About Bauer Media Group:
Over 400 digital products and more than 100 radio and TV stations reach millions of people across the globe. The corporate portfolio extends to include print shops, postal, distribution and marketing services. The Bauer Media Group’s global positioning underscores its passion for people and brands. The message “We think popular.” illustrates the Bauer Media Group’s self-perception as an organisation with a range of popular media, creating inspiration and motivation for its global workforce of some 11,000 employees in 20 countries.