GCap Media, the UK’s largest commercial radio broadcaster, today axed its two digital-only radio stations after admitting the medium had not matched up to expectations.

The UK's largest commercial radio broadcaster, GCap Media, axed two of its stations today after labelling digital radio "economically unviable".

Classic FM parent group GCap Media today confirmed it had rejected an approach from rival Global Radio potentially valuing the firm at around £313m (€419m).

Capital Radio and Classic FM parent group GCap Media today confirmed it had hired former Virgin Radio head Fru Hazlitt as it struggles to turn its fortunes around.