Smooth Christmas was relaunched in November 2012 on the Digital One multiplex alongside Smooth 70s. New ownership In June 2012 it was reported that Guardian Media Group was seeking to sell GMG Radio in order to restructure itself to stem losses being made by The Guardian and The Observer newspapers. Several offers were received for the subsidiary, valuing it at £50 million. GMG Radio was sold to Global Radio on 25 June, at an estimated price of between £50 million and £70 million. Global renamed GMG Radio "Real and Smooth Radio Ltd." Several rival radio groups expressed their concerns over the takeover and the effect it could have on commercial radio in the UK. The deal prompted speculation about the possible disappearance of the Smooth Radio brand as a result of a possible merger with Global's Gold network, which was aimed at a similar audience. It was announced that in the short term GMG Radio and Global would continue to operate as separate entities while a review of the sale was carried out by Ofcom. On 3 August the Culture Secretary Jeremy Hunt instructed Ofcom and the Office of Fair Trading (OFT) to examine Global Radio's purchase of GMG, which gave Global over 50% of the UK radio market because of concerns the takeover may not be in the public interest. On 11 October, the OFT agreed to fast-track the investigation. Hunt's successor Maria Miller said the deal would not be investigated for media plurality. The OFT concluded that the merger could lead to a rise in local advertising costs because of the decrease in competitors, and forwarded the matter to the Competition Commission, which oversees business mergers and takeovers. On the same day the Competition Commission announced it would publish its findings into the takeover by 27 March 2013. On 21 February 2013, the Competition Commission confirmed it would delay its decision until May, and issued a statement in which it said, "The range of possible remedies to be considered in this case is complex and that all possible remedies need to be explored with the parties to the merger and third parties". The Commission published its final report into the acquisition on 21 May, requiring Global to sell radio stations in seven locations. On 14 June, it was reported that Global would appeal against the commission's decision. A date for the appeal was subsequently scheduled for October. Following