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MEDIA PERSPECTIVE: Capital must unveil a new champion if Tarrant is to retire.(Chris Tarrant of Capital Radio)(Brief Article)(Statistical Data Included)

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| October 04, 2002 | COPYRIGHT 2002 Haymarket Business Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

On a glorious June evening in Memphis, Lennox Lewis floored Mike Tyson to win the biggest fight in heavyweight boxing history. The question was, where next for Lennox? Surely, as a man in his mid-30s and on the very top of the world with nothing left to prove, he would retire.

We're still waiting to hear, but boxers, more than any other sportsmen, never know when to call it quits. Just one more fight. One more payday.

Chris Tarrant took the decision to remain at Capital Radio last week.

Just one more year. Just one more payday.

It's tempting to say that Tarrant doesn't know when to quit. Like Lewis, he'll have had dozens of hangers-on and parties with vested interests whispering in his ear to continue. It's easy to see what's in it for him (more millions) and even easier to see what Capital gains.

The radio group's share price leapt 7 per cent on news that Tarrant was staying. Analysts estimate that 15 per cent of Capital's revenues hang on Tarrant's show and though it posted slightly improved ad revenues, up 2 per cent for the six months to 30 September, it needs all the income it can get.

Capital's chief executive, David Mansfield, has played a blinder in persuading Tarrant to stay beyond the date when the new Communications Bill will pave the way for consolidation. A Capital with Tarrant will, in the view of the City and shareholders, be a much stronger proposition, commanding a higher premium from ...

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