Jungle's Bennett bids for radio station
Next step - world domination
Jungle.com founder Steve Bennett has revealed his latest dream – to own a radio station. Bennett and pal Steve Smith, MD of the Poundland stores, have put in a bid for a new radio station in the West Midlands called N-Joy. If successful, they will use the licence to go on air next April. The two entrepreneurs also aim to launch an online radio station at the same time. Smith has stumped up the cash for the bid, approximately £100,000, and will be company MD, while Bennett will put his name behind the station and get the title of non-executive chairman. The bid from the IT industry's very own Smashie & Nicie is up against giants such as Capital and EMAP. Meanwhile, Bennett is continuing talks with Warburg, Dillon and Reed about floating Jungle.com. "It’s one of the options we're looking at, but the market isn't right at the moment," said Bennett. He also expects to complete the MBO sale of his Software Warehouse computer shops next week. ® Related stories Jungle buys Software Warehouse ahead of planned IPO Jungle.com gets yer juices flowing Watford Electronics turns cybersquatter on rivals for 'a joke'