15 février 2008 Closing digital radio stationsGCap Media's recently appointed CEO Fru Hazlitt is under increasing takeover pressure from media heavyweight Charles Allen, ex-ITV CEO now chairman of Global Radio, and tried to shore up her defences by announcing plans to back out of digital radio, but her presentation to shareholders was termed "far from compelling" by Peter Thal Larsen (FT, 12 Feb).
With a limited listener base, Planet Rock and theJazz will be closed down and GCap's stake in the Digital One platform sold. Positive sounds came in the form of GCap's "global first" deal to stream radio to iPod Touch and Nokia handsets.
Based on 44 items from 9 - 12 February 2008 |
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