UK’s largest radio group advised stations to drop story on how a bank deals with wealthy customers’ assets

Global Radio, U.K.’s largest commercial radio group, advised its stations to drop a story for “editorial reasons” on bank HSBC and how its Swiss branch deals with wealthy customers’ assets. The stations were told to drop the story on February 9, the day the story broke, and coverage of the story was resumed by stations a few days later. Media regulator Ofcom responded to a complaint from a listener about the lack of coverage and said it appears there was no third-party influence on Global Radio’s decision to advise stations to drop the story.