Federal government gives green light for sale of Basel 1
Medien für Erwachsene AG (MFE) has been authorized to purchase a majority stake in the local radio station Radio Basel 1 from Basler Zeitung Medien AG (BZM). The Federal Department of the Environment, Transport, Energy, and Communications (UVEK) has given the deal the green light.
Medien für Erwachsene AG (MFE) may buy the majority stake in local radio station Radio Basel 1 from Basler Zeitung Medien AG (BZM). The Department of the Environment, Transport, Energy and Communications (Uvek) has given the green light for the deal, according to a press release issued on Thursday. MFE had presented credible financing for the project and a convincing program concept with a focus on information, according to the Uvek's statement. In addition, MFE wanted to honor previous assurances made by Radio Basel 1 regarding working conditions and quality.
However, the licensing authority has imposed one condition: MFE must withdraw its appeal to the Federal Administrative Court against the licensing decision from October. According to SDA, the withdrawal had already been announced in May - the appeal has become obsolete with BZM's offer to sell to MFE.
However, the licensing authority has imposed one condition: MFE must withdraw its appeal to the Federal Administrative Court against the licensing decision from October. According to SDA, the withdrawal had already been announced in May - the appeal has become obsolete with BZM's offer to sell to MFE.
