Commercial stations and the BBC expected to confirm the switchover to digital services, 40 years after Britain’s first independent station opened
Capital Radio Plc
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Capital Radio and GWR admitted yesterday that they are in talks over a £700m merger of equals, a deal that will kick-start the long-awaited consolidation of the UK commercial radio industry.
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Dealing rooms in the Square Mile were yesterday buzzing with talk that consolidation may soon be on the agenda in the radio sector. It seems the excitement was caused by a seminar held by Capital Radio in which media buyers surprised investors with largely positive comments about the prospect of industry consolidation. Media buyers were very hostile to the merger of Carlton and Granada last year.
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