Alli, TWG in talks to merge ad sales

Waheed Alli, the Labour peer bidding for SMG-owned Virgin Radio, has held talks with Talksport-owner The Wireless Group about merging their advertising sales operations. Backed by venture capital group 3i, Lord Alli is offering£100m for Virgin Radio, a figure that SMG said undervalues the business. But if shareholder pressure leads ...

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