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Media company Chrysalis Group is considering the sale of its radio and music business as part of a full strategic review into the division's future, pushing its shares up more than 4 percent on Monday.
"The valuable market positions we have created at Chrysalis Radio, coupled with the ongoing consolidation in UK radio, suggest that now is an appropriate time to consider a formal review of our strategic options in this area," Chrysalis Chief Executive Richard Huntingford said in a statement.
He said the review will be wide-ranging and will assess all options that can deliver maximum value to Chrysalis shareholders, including a potential demerger of the radio and music businesses.
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LADY T.MANISHBOYZ said:
Thanks for checking us out! Check out more of our music at Indie Store- Manishboyz. We just in Memphis selling... read more
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