Radio News: Bauer Media's bid to buy Absolute Radio falters at the 11th hour.
Bauer Media's bid to buy Absolute Radio is understood to have stalled at the 11th hour with the future of the music station still uncertain.
The German-owned private radio and magazine company emerged as the favourite to buy Absolute, owned by the Times of India parent company Bennett, Coleman & Co, after a rival consortium fronted by former Virgin Radio chief executive John Pearson pulled out.
http://www.guardian.co.uk/media/2013...io-talks-stall