Radio Bilingue acquires minority stake in Radio Canal 3
The operating company of Radio Canal 3, Radio Bilingue, based in Biel, is acquiring Espace Media Groupe’s 31.2 percent stake in Biel-based Radio Canal 3. The operating company’s main shareholders are Gassmann Media and Büro Cortesi.
The sale of the stake in Radio Canal 3 by Espace Media Groupe must be approved by the Federal Department of the Environment, Transport, Energy and Communications. The parties have agreed not to disclose the details of the transfer. The sale is a further step in the implementation of the strategy of the entire Tamedia company, which envisages a concentration on the print and online business, according to a press release from Espace Media Groupe.
Radio Canal 3 was founded in 1984 as one of the first fully bilingual local radio stations in Switzerland. Today, the station offers its program to around 60,000 listeners in the Biel, Seeland and Grenchen region.
