Analyst advises investing in former UTV Media radio assets

Last year, UTV Media sold its TV assets to ITV

Alex DeGroote, analyst at Peel Hunt in London is advocating that people buy shares in Wireless Group due to takeover speculation. Pic: Getty

A top London media analyst has advised buying shares in the company formerly known as UTV Media, due to takeover speculation.

Last year, UTV Media sold its TV assets including UTV and UTV Ireland to ITV. It was left with its radio assets, with 13 radio stations in Britain and nine in Ireland, and two digital assets, hosting service provider Tibus and digital agency Simply Zesty. The company was renamed Wireless Group.

Alex ...