Radio Authority announces public interest test determination for acquisition of London News Radio Ltd. by Chrysalis Radio Holdings Ltd.

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M2 PRESSWIRE-17 December 2002-UK Government: Radio Authority announces public interest test determination for acquisition of London News Radio Ltd. by Chrysalis Radio Holdings Ltd(C)1994-2002 M2 COMMUNICATIONS LTD RDATE:12172002 The Radio Authority has announced the outcome of its public interest test into the acquisition of London News Radio Ltd.

by Chrysalis Radio Holdings Ltd. The Authority's determination is that the acquisition could not be expected to operate against the public interest. Under the terms of the Broadcasting Act 1996, a company cannot own three overlapping local services which share a potential audience unless the Authority determines that the proposed arrangement could not be expected to operate against the public interest. The...