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Group cuts losses with radio sale.

Europe Intelligence Wire

| June 05, 2008 | COPYRIGHT 2008 Financial Times 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

(From Western Daily Press)

Gcap, the radio broadcast group with its roots in the West, yesterday reached an agreement to sell national digital station Planet Rock to a new company called Rock Show run by entrepreneur Malcolm Bluemel.

Mr Bluemel is a rock and radio fan who is supported by a number of the big names in rock including Black Sabbath's Tony lommi, Jethro Tull's Ian Anderson MBE, Gary Moore, and Fish from Marillion. The sale for what is described as "a nominal sum" ...

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