Page 51 of Going Solo (The Brent Boys #2)

Sentinel Group in talks to acquire Pure radio network for ￡120M

The Sentinel Group, owner of this newspaper, is in advanced negotiations to buy the Pure network of radio stations.

Pure Group owns a network of 36 broadcast licences across mainland U.K., including both the music format PureFM and local talkback stations TalkUK, and the flagship TalkLondon station. The business has an estimated value of ￡120 million but has suffered from falling listenership and a lack of investment.

As a listed company, Pure Group was required to reveal the intended takeover to the market yesterday under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

If the Sentinel Group’s acquisition is successful, it would take the Pure Group into private ownership for the first time since 1983. The Sentinel Group has been owned by the Cardle and Boche Families Trust since 1927.