Dudley accountants advises Credible Media on sale of Revolution 96.2 to Bauer Media and on their Investment into the Oldham Evening Chronicle
Dudley-based accountancy firm, AGS, has advised Credible Media on the sale of Revolution 96.2 to Bauer Media and subsequently, on its further investment, into the Oldham Evening Chronicle.
The station, which covers Oldham, Rochdale and Tameside, was purchased by Credible in 2014. Following the sale, the station is being re-branded as Greatest Hits Radio.
Credible Media will now be investing further in the Oldham Evening Chronicle, which it bought out in 2018.
Matt Ramsbottom, Managing Director at Credible Media said “the sale of Revolution will help us deliver, through the Oldham Chronicle, truly local audiences via traditional and digital platforms for years to come.
“I’d like to thank Bauer Media and wish them well with their plans for the Hits Network.
“I’d also like to thank the advisors at AGS and Persons Solicitors who helped make this deal happen.”
Steve Aston, Director at AGS, added: “We have worked with Credible Media on several deals and for over six years now.
“This was a complex transaction with wide-ranging implications for our clients, for Bauer and for local communities in Greater Manchester.
“We are pleased to have contributed to another successful outcome for all involved.”