GCAP Media plc
GCap Media: 2005/6 results
The annual results contained little new because the bad news - sharp declines in audience share in particular - were already known.
The declines in revenue had been announced in the last trading statement and the pessimistic outlook statement only confirmed what is obvious given the latest RAJAR audience share numbers that showed further losses.
We are […]
Rajar radio market shares
Once again Rajar numbers show the BBC taking audience share from commercial radio, increasing its share of total listening hours to 55.4%: an increase of 0.3% over the previous quarter and 1.2% over the same quarter last year.
Several of GCap Media’s most important stations performed badly. Both Classic FM and Capital Radio have lost […]
GCap Media: trading statement
Given the weak market for radio advertising, and its loss of audience share, it is no surprise that GCap Media’s revenue decline has worsened in the second half of the financial year.
Second half (of the year to March 2006) revenues are expected to be 17% lower than in the second half of last year. This […]
Rajar radio market share numbers
The BBC continues to gain share from commercial radio with its 55.1% share in the last quarter of 2005 up half a percentage point on the previous quarter and 1.1 percentage points over an year.
This is likely to bring more protests from commercial radio stations about “unfair” competition. However any political effect this has is […]
GCap Media H1 results
The low demand for radio advertising continued to hold back GCap Media. Revenue fell fell 11%, operating profit fell 27% and EPS fell 32%. This much worse than we expected, even given that we expected weak ad revenues. The market seems to be even more disappointed and the share price has fallen 18% so far […]
Radio audience share numbers
Total radio listening is up 0.37% on the previous quarter and 0.41% on the third quarter of last year. However the number remains within its normal range of variation and we do not see too much evidence of a trend in this. However do do continue to believe that the long term outlook for total […]
Radio audience share
Total radio listening shows no clear trend with total listening hours recovering most of the ground lost earlier in the year to be down just 0.4% over the same quarter last year. The BBC’s share of listening continues to creep upwards from 53.1% to 54.2% in an year. This clearly means some loss to commercial […]
Capital radio H1 results
Capital Radio’s disappointing H1 results reinforces our pessimistic view of the short term prospects for GCap Media (formed by the merger of Capital Radio and GWR).
As we have already commented, radio advertising rates are under pressure and Capital’s loss of market share exacerbates this. The sharp drop in profits (operating profit fell 5.5%) is driven […]
GCap Media RAJAR audience share
The RAJAR survey of audience share in radio was release today. Capital Radio’s announcement on about the survey emphasised the scale and market position of GCap Media, the product of the merger of GWR and Capital Radio. It did not comment on the continued decline in market share of GCap media whose total listening hours […]
GWR
GWR is a major radio broadcaster which owns Classic FM and networks of local stations. It currently plans to merge with Capital Radio.
Growth has slowed recently with like-for-like (LFL) revenues in the third quarter down 3%. A recovery in Decembers seems to be a blip with January down 4% LFL. Demand for radio […]
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