Following the release of the latest RAJAR figures, GCap Media has seen its share price drop to a record low of 186.50p, falling 2.1% on last night’s closing price of 190.50p.
Over £400 million has been wiped of GCap’s share price since it was created in May last year by the merger of Capital Radio Group and GWR.
It is believed that the falling share price could spark renewed takeover speculation, which has in the past boosted the company’s shares.
The RAJAR figures showed that GCap’s Capital Radio breakfast show has fallen to its lowest ever audience, while the station as a whole has lost 300,000 listeners year on year.
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