Agency: Grey London
By Tristan O'Carroll, mediaweek.co.uk, Monday, 11 February 2008 12:20PM
This morning, GCap Media chief executive Fru Hazlitt announced an agreement to give away its 63 per cent Digital One stake for a nominal sum and the closure of digital-only stations thaJazz and Planet Rock. The decision means the group will have no DAB presence.
The Digital Radio Development Bureau (DRDB), the radio industry trade body given the responsibility of ensuring DAB radio's swift adoption, said it "regrets" the closure of Planet Rock and theJazz.
However, it said it looked forward to the emergence of new national DAB-only services, and the rationalision of commercial radio's national DAB provision.
In a statement, the digital marketing group said: "DAB digital radio is growing strongly and, as recently published receiver sales and listening figures show, remains a strong proposition for the UK radio industry, both commercial and public.
"We believe the medium will emerge from this period of transition stronger and more attractive to both broadcasters and listeners."
This article was first published on mediaweek.co.uk