| MUMBAI:
Virgin Radio executive chairman Richard Huntingford will be leaving his post following
the station's £53.2 million (105 million) sale to the Times of India Group.
This
is the second time in a year that Huntingford is exiting from a radio company
following its sale. Before this, he was the chief executive of Chrysalis, until
the radio division was sold to Global Radio last year. In
a statement, Virgin Radio read: "Richard Huntingford is contracted as executive
chairman of Virgin Radio until September 2008. He will remain with the company
to ensure a smooth transition following completion of the sale of the business
to TIML (Times Infotainment Media Limited) Radio and is currently considering
future options." Huntingford
was named non-executive chairman of Virgin Radio in August last year as its parent
company SMG was preparing to drop off the radio station. Huntingford worked as
a chartered accountant for KPMG for 12 years until he joined Chrysalis in 1987
as corporate development director. Virgin
Radio was sold to Times of India Group subsidiary TIML Golden Square. TIML will
manage the station along with European radio group Absolute Radio which owns the
music station Jack FM in Oxford. |