DMG Radio on right wavelength in Oz

BRITISH firm DMG Radio looks set to win the last Australian FM radio licence to be auctioned for the next five years. The auction for a licence in Melbourne, to be held on Thursday, is expected to reap up to A$100m (£39m) for the federal government.

DMG, who's UK parent is Daily Mail and General Trust, owner of the Evening Standard and This Is Money, already runs several radio stations across Australian capital cities.