had a 7.7% stake in the company and Aberforth Partners were not happy with the 180p a share bid. On 6 June, GMG raised its bid to 195p a share to secure the institutional shareholders who were holding out for a better bid. Richard Wheatly announced that he would leave Jazz FM once the takeover was complete. The offer was declared wholly unconditional on 5 July. In December 2002, GMG moved its sales operation from Clear Channel Radio Sales to the Chrysalis Group, in line with the sales operation for other GMG Radio stations. On 12 July 2004, GMG Radio relaunched ejazz.fm, a dedicated jazz website. In January 2005 it launched a service, named Hear It, Buy It, Burn It, to permit users to legally download music from its station's websites. In February 2005, Myers announced that they had scrapped plans to launch Channel M Radio, a 24-hour news and talk station for Manchester due to commercial viability issues. In March 2005, the Guardian Media Group rejected a £115 million bid from the Chrysalis Group for the GMG Radio division. In June 2005 London station 102.2 Jazz FM was rebranded to 102.2 Smooth FM after disappointing RAJAR figures. At the same time, ejazz.fm was renamed to jazzfm.com and initially appeared on DAB in Yorkshire, South Wales, and the Severn Estuary and on Sky Digital. In August 2006, GMG sold its share in Rolling News channel DNN. The five regional stations on DAB were then closed down by Chrysalis to be replaced by LBC. On 18 December 2006, it was announced that GMG Radio had bought the four Saga Radio branded stations. GMG rebranded the Saga stations along with its existing Smooth FM stations in March 2007 to Smooth Radio. On 6 October 2008, jazzfm.com was relaunched as Jazz FM across several DAB multiplexes in the UK, using space on local and regional multiplexes from existing GMG Radio stations as well as launching on digital television platforms. In November 2008 GMG was awarded the last analogue licence in the UK (covering North and mid Wales). They intend to operate the licence using the Real Radio (Wales) format basing its studios in Wrexham. On 18 October 2006, it was announced that GMG Radio had bought the two Century branded stations from Gcap Media. The Century brand was originally launched by Myers and Simons in North East England in 1994, while they were