UK Radio 'Colossus' to Go after25 Years at the Top
The radio boss who helped turn GWR into the UK's largest commercial radio group has announced plans to step down after 25 years as chief executive.
Ralph Bernard, 54, became chief executive of GCap Media in 2005 following the merger of Capital Radio and GWR, which he helped launch in 1982 as the first programme director of Wiltshire Radio in Swindon.
GCap Media chairman Richard Eyre described Mr Bernard as a "colossus in commercial radio", adding that he had been at the forefront of major changes in the industry, particularly in digital development.
News of the departure came as GCap Media said revenues picked up this month, amid signs it had so far avoided fallout from the financial turmoil.
It described the outlook as stable after seeing underlying profits of pounds 5.6m in the six months to September 30, down from pounds 5.8m in 2006.
Like-for-like revenues rose 4.5% to pounds 100m, with the company on course for a similar figure in November, after a flat performance in October.
It said, "At this stage there has been no evidence of any impact from the difficulties in the financial markets and within the context of the limited visibility of the radio industry, the outlook remains stable. …