Report: Classic Rock Digital Station "Planet Rock" To Be Axed
February 11, 2008, 16 years ago
The Independent has issued the following report from Russell Lynch:
The UK's largest commercial radio broadcaster, GCap Media, axed two of it's stations today after labelling digital radio "economically unviable".
The Classic FM owner said the Jazz and Planet Rock will go as it looks to concentrate on its core FM stations in a bid to revive the business.
The company - currently fighting takeover interest - also plans to boost advertising at its flagship Capital 95.8 station - reversing its previous policy of broadcasting no more than two adverts in a row.
Chief executive Fru Hazlitt unveiled the review weeks after the group rejected a £313 million takeover approach from Global Radio, an acquisition vehicle headed by former ITV chief executive Charles Allen.
Read the full story at The Independent.
