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SMG has made a first-half loss of pounds 8.6 million after exceptional items, and has appointed the Virgin Radio chairman, Richard Huntingford, as its executive chairman in the run-up to its planned initial public offering or disposal of the station.
Its previous chief executive, Paul Jackson, left at the end of August to join GCap Media. Virgin Radio reported an operating profit of pounds 2.5 million in the first half of 2007, up from pounds 2 million in the first half of 2006. ...