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GCap selling

 
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mark occomore



Joined: 07 Dec 2006
Posts: 9955
Location: UK

PostPosted: Sun May 18, 2008 3:39 pm    Post subject: GCap selling Reply with quote

6th June is the date that GCap have set for the completion of their 375 million take over by Global Radio.

The deal will create the biggest radio group in the country, dominating the London marketplace and several key marketplaces across the country.

According to Brand Republic, GCap Media convened an EGM to discuss Global Radio's 225pence per share offer, and GCap concluded the deal should go through on that date.

At that point the Office of Fair Trading will assess whether there are any competition issues presented by the two companies coming together. If there are any concerns, it will be referred to the Competition Commission, which could then take up to a year to decide on any potential remedies.

Radio Today

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This is when a lot of broadcasters will be losing their jobs.
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gfloyd



Joined: 07 Dec 2006
Posts: 4861
Location: Here, There, Everywhere.

PostPosted: Sun May 18, 2008 4:19 pm    Post subject: Re: GCap selling Reply with quote

mark occomore wrote:

This is when a lot of broadcasters will be losing their jobs.


How do you figure that out then?

Any requests for networking need to be approved by Ofcom.

If anything it will be mainly sales & admin people who are made redundant as that is where the biggest overlap will be.

Anyway people complain about poor local DJ's, so why would the complain if they lose their jobs? If they are good enough they will find employment, if not then its probably best that they find a job that they are better at.
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His name was ernie ........ and he drove the fastest milk cart in the west.....
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mark occomore



Joined: 07 Dec 2006
Posts: 9955
Location: UK

PostPosted: Mon May 19, 2008 5:20 am    Post subject: Re: GCap selling Reply with quote

gfloyd wrote:
mark occomore wrote:

This is when a lot of broadcasters will be losing their jobs.


How do you figure that out then?

Any requests for networking need to be approved by Ofcom.




I read somewhere that Ofcom is going to approve to networking shows.
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