Stoke on Trent based Signal 1 and Signal 2 have been sold to national radio group Bauer Media for an undisclosed sum. The group purchased another 36 UK radio stations earlier in the week.
The deal also includes all of the other ‘wireless’ local stations including stations in Wolverhampton and other areas of the UK.
Paul Keenan, CEO Bauer Media and European Radio commented: “We are delighted with our acquisition of Wireless local licences.”
He adds: “..the opportunity expands to offer new and interesting services for listeners and advertisers. “
The deal is subject to the usual regulatory process and is expected to be complete by the end of February. Numerous operating changes are expected at these stations following the sale.