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GCap Media has accepted a £375 million takeover bid from rival company Global Radio.Global Radio, headed by former ITV chief executive Charles Allen, will pay 225p per share, with the conclusion of the deal last night heralding an end of four months of negotiations.Global made a first bid for GCap in December, of 190p per… Continue reading Global Radio To Acquire GCap For £375m

Bauer Radio is planning to launch a male-oriented digital radio station based around its men’s magazine brands.Reports have suggested that the company has identified a gap in the commercial radio market for male listening and is in the very early stages of exploring that opportunity.A source told Brand Republic that the station would probably source… Continue reading Bauer Could Launch Male Focused Radio Station

GCap Media said today that it remains in talks about a possible takeover by Global Radio.Charles Allen’s Global Radio has until 5pm today to decide whether to proceed with its proposed £371 million takeover (see Deadline Extended For Global Radio GCap Bid).GCap released a trading update this morning which said: “The company remains in discussions… Continue reading GCap And Global Radio Talks Continue

UK commercial radio revenues increased year on year by over 7% in the last quarter of 2007 to almost £151 million, according to research by Enders Analysis.The increase was driven by an 11.4% increase in national revenues, a 3.2% increase in local revenues, and a 1.1% increase in branded content (also known as sponsorship and… Continue reading Q4 2007 Commercial Radio Revenue Up 7% YoY

Bauer Radio has said that it will relaunch a Q magazine branded radio station this year, as part of a huge investment in its brands.Q Radio, which is currently available via Freeview, will be rolled out nationally across satellite, cable and online from 2 June.The launch follows predecessor Emap Radio’s launch of Heat Radio last… Continue reading Bauer Confirms Relaunch Of Q Radio

The Takeover Panel has given Global Radio another five days to indicate if it will go ahead with a £371 million bid for rival company GCap Media.The regulator has now given Global until 5pm on Monday, March 31, to decide whether it will proceed with a takeover or walk away from a deal for the… Continue reading Deadline Extended For Global Radio GCap Bid

Sam Branson, son of Sir Richard, is to present a series of shows for Kiss Radio in his new role as official green ambassador for the station.Branson will host a special Kiss the Planet series on the Kiss Radio network throughout 2008. He will debut on the station in the breakfast show on March 27… Continue reading Kiss Radio Signs Sam Branson As Green Ambassador

GCap Media has acquired a majority stake in local social networking website welovelocal.com for £450,000.The deal will also see GCap pay for the existing cash in the company and will make further staged payments of £150,000 in total to the vendors as deliverables are met over the coming weeks.The welovelocal.com site helps people find the… Continue reading GCap Acquires Majority Stake In Local Social Networking Site

Ofcom is to auction a large portion of radio spectrum for services such as mobile TV.The provisional deadline for applications is 10 April, with the auction likely to start at the end of April.Ofcom said the 1452-1492 MHz band, the so-called “L-Band”, could potentially be used for mobile multimedia services such as mobile TV, satellite… Continue reading Ofcom To Auction Radio Spectrum To Make Way For Mobile TV

GCap Media’s plans to sell off Digital One, its DAB digital radio multiplex, have reportedly been put on hold as it continues talks with Global Radio about a possible acquisition.Last week, GCap resumed talks with Global Radio after Global made a third and “final” offer for GCap Media, valuing the Capital Radio and Classic FM… Continue reading GCap Puts Plans To Sell Digital One On Hold