Bauer buys up Planet Rock

GERMAN media giant Bauer, whose empire includes UK radio stations Kiss and Magic, has bought lossmaking digital radio station Planet Rock for around £1m-£2m.

“Our brands, along with the music industry, are seeing a real resurgence in guitar-based music which makes this acquisition an exciting and timely addition to our portfolio,” Bauer’s UK chief executive Paul Keenan said.

The station, which was previously owned by Planet Rock chairman Malcolm Bluemel, has around 900,000 weekly listeners.