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Global Radio has made a third and “final” offer for GCap Media, valuing the Capital Radio and Classic FM owner at £370 million.The offer, at 225p a share in cash, is conditional on the recommendation of the board. The offer is around 20% higher than Global’s original offer in December of £313 million.GCap has now… Continue reading Global Radio Makes ‘Final’ £370m Offer For GCap

Revenue for commercial radio has increased over 7% year on year for the final quarter of 2007, at over £150.9 million.According to the latest figures from the RadioCentre, radio advertising totalled £598.2 million last year, up 2.8% on 2006.Within the £150 million, national revenue saw the largest growth year on year by 11.4% to £8.3… Continue reading Commercial Radio Records First Full Year Revenue Growth Since 2004

Global Radio is reportedly on the verge of walking away from a takeover of GCap, following the rejection of its improved £333 million offer last week.It is understood that Global does not want to overpay for GCap and is waiting to see whether new chief executive Fru Hazlitt’s strategy for turning the company around pays… Continue reading Global Radio Could Walk Away From GCap

Last week in the City, Gcap Media turned down a revised takeover bid from Global Radio, which valued the company at £333 million.GCap said that the revised proposal “significantly undervalues the company because it does not reflect the value that would be created by implementing the strategy of the new chief executive, Fru Hazlitt” (Full… Continue reading Media In The City: GCap Turns Down Revised Global Radio Bid

GCap Media has rejected a revised takeover bid from Global Radio which values the company at £333 million.Global offered 202p a share, a 6% increase on the 190p per share bid it made in December, and ahead of the Takeover Panel’s March 5 deadline for bids to be tabled (see Media In The City: Microsoft… Continue reading GCap Turns Down Revised Global Radio Takeover Bid

Radio-specific ownership rules create unnecessary barriers to industry consolidation, commercial radio representatives told peers at the House of Lords yesterday.The appearance was part of the House of Lords Select Committee on Communications’ ongoing inquiry into Media Ownership and the News.RadioCentre chief executive Andrew Harrison was joined on the panel by Mark Story, managing director of… Continue reading Commercial Radio Calls For End To Outdated Ownership Rules

Universal McCann and Bauer Advertising have announced a year-long partnership deal, bringing together car insurance company MORE TH>N and Magic 105.4.Launching this month and running through to February 2009, the concept was created from a joint initiative between Universal McCann and Bauer.Running under the banner More Is… Giving You More Indulgence, the campaign features a… Continue reading Bauer Announces Year-Long Magic Partnership Deal

NME Radio, the new broadcast brand extension from IPC Media and DX Media, has gained two new members of staff ahead of its launch this summer.Joanne Burlando has been appointed head of operations, having spent more than four years at Xfm as music and programme manager, and Katie Torrie joins NME Radio as music and… Continue reading NME Radio Makes Key Appointments

This report on London radio stations has been slightly amended to incorporate the re-release of data from RAJAR for Q4 2007, following weighting irregularities from RAJAR’s contractor RSMB on six monthly reporting stations. Any changes are clearly highlighted in the text and tables (where appropriate).Q4 2007 RAJAR figures show that Magic FM (London) once again… Continue reading Magic FM Still Has Top Reach In London

This report on Breakfast radio listening has been slightly amended to incorporate the re-release of data from RAJAR for Q4 2007, following weighting irregularities from RAJAR’s contractor RSMB on six monthly reporting stations. Any changes are clearly highlighted in the text and tables (where appropriate).95.8 Capital Radio reached the top spot with its breakfast show… Continue reading Capital Radio Scoops Breakfast Top Spot In London