GCap sticking with digital radio?
March 12, 2008
Plans to abandon digital radio technology by GCap Media, Britain's largest commercial radio group, have been put on ice because of a takeover bid. GCap Media, which is the subject of a takeover approach from Global Radio, last month announced plans to stand down from the Digital Audio Broadcasting (DAB) platform as part of its defence against possible takeover. It is now being reported that it has been forced to hold off on the sale of its stake in Digital One, which it had planned to sell to Arqiva, while takeover talks continue with Global. The sale of the Digital One stake was central to GCap's planned shift away from DAB.