Following Global Radio's acquisition of
GCap Media in 2007, it was deemed that Global had an unfair advantage in the West Midlands market as they owned the vast majority of stations. The
OFT wanted to re-install competition in the Midlands area, causing Global to sell some of their stations. In May 2009, LDC and the buy-in team purchased
BRMB,
Mercia,
Wyvern,
Beacon in the West Midlands and
Heart 106 in the East Midlands from
Global Radio for a total price of £37.5 million, beating off competition from several other interested parties These stations accounted for around three per cent of the total commercial radio audience at the time. In June 2009, the new group was named Orion Media. In January 2011, Orion's East Midlands station Heart 106 was rebranded and relaunched as Gem 106, following the end of a franchise agreement with Global Radio allowing the station to use the Heart branding and carry networked programming from London. In January 2012, Orion Media announced that its four FM stations in the West Midlands region were to be renamed '
Free Radio' – replacing the individual names
BRMB,
Mercia,
Wyvern and
Beacon. The rebranding took place at 7pm on Monday 26 March 2012. On 24 May 2012, Orion Media announced it would relaunch its
Gold West Midlands stations on AM frequencies and DAB as
Free Radio 80s later in the year. The station, which aired networked programming from London with opt-outs for sports programming, switched to locally produced output playing 1980s music alongside news and information and live football commentaries on Monday 4 September 2012, ending a franchise agreement with Global Radio which allowed the station to carry Gold branding and output. On 6 May 2016, Orion announced they had been bought by
Bauer for an undisclosed fee, reportedly between £40 and £50 million. == Stations owned ==