MEDIA personality Kelvin MacKenzie is reportedly looking to expand his broadcasting empire by buying the local Bay Radio station in which jailed tycoon Owen Oyston has a stake.
An article in the Sunday Times claims MacKenzie's TalkCo company, which runs the successful Talk Radio, is in exclusive negotiations to buy the Lancaster-based station from the jailed tycoon. Oyston's radio licence has been put in to an independent trust after the Radio Authority declared that he was not a "fit and proper person" to run a radio station.
The asking price for Bay Radio (and others) is thought to be around £3.5 million. The newspaper report also claims that Mackenzie walked away from initial talks with Oyston's representatives last August after failing to agree a price.
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