Prime Media sells radio group

Grant Broadcasters buys ten licences in Qld for $24.5m plus surplus cash.

Prime Media Group (PRT) has sold its Prime radio group to Grant Broadcasters Pty Ltd, with the sale expected to complete on August 30.

In a statement to the Australian Securities Exchange, the group said the sale price for the transaction was a minimum $24.525 million plus surplus cash to be determined at the date of completion.

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