A Dundee-based radio station is set to change hands, with the former managing director of Radio Forth the expected new owner.
The owners of wave102 are understood to have agreed a cash purchase by Adam Findlay’s new radio group, which was established earlier this year with backing from SMG chair, Richard Findlay – his father.
The official handover is currently scheduled to take place a week on Sunday, leaving present owners, UTV, with just one station north of the border, Edinburgh outpost talk107.
Staff at wave102 are said to be welcoming the move, which comes over six months after its Paisley-based sister station, Q102, was sold to GMG Radio, and then converted into Rock Radio.
However, industry insiders believe Findlay is also considering an offer to buy neighbouring Kingdom Radio Group. Now consisting of just Markinch-based Kingdom FM – after its previous disposals of Clan and River – the obvious cost savings and potential co-location would make it
an obvious target to the ambitious company which is thought to have first option to purchase any stations in Scotland deemed surplus to requirements by radio group and Radio Forth owners, Emap.
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