A media company has sold its radio station to focus on returning the regional paper it runs to print.
Owner of the Oldham Chronicle, Credible Media, announced the sale Revolution 96.2 to Bauer Media Group this week and reiterated plans to concentrate “considerable resources” to the future of the Chronicle and its sister publications.
Announcing the sale, Credible said it is considering returning the 166-year-old Oldham Chronicle to print after three years as a digital-only publication.
The company bought the Chronicle and its magazine publications in 2017 after the paper’s previous owner went into administration.
Revolution 96.2, which broadcasts across East Manchester, will now become one of Bauer’s radio stations rebranding to Greatest Hits Radio as part of the network’s changes this year.
Matt Ramsbottom, managing director of Credible Media, said in a statement: “The radio station has been an exciting experience and is a viable business going forward, as evidenced by previous interest from buyers.
“This deal will allow us to concentrate all our considerable resources into the publishing business. We have exciting plans for the Oldham Evening Chronicle and our magazines, as well as developing our digital platforms further.
“We will remain at our headquarters here in Oldham and invest in securing the future of the Oldham Chronicle brand.”