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23/11/2007
Ralph Bernard Steps Down From GCap Media
The Chief Executive of Capital FM parent company GCap Media, Ralph Bernard is to bow out.
Bernard has been in charge of GCap since the merger of GWR and Capital Radio two years ago. He was in charge of GWR for 23 years prior to this.
The news comes as GCap announce that first-half pre-tax profit has dropped from £5.8m to £5.6m in the same period last year.
Bernard said: “Twenty-five years is a long time to head up a company and having been at the heart of commercial radio’s growth over the years, the time is right to step down as chief executive.
“Having taken the group and the industry to this point, I feel that now is the time for a new chief executive to face the new challenges and opportunities ahead.”
The company say that the search for Bernard’s successor will begin immediately.
(DS)
Bernard has been in charge of GCap since the merger of GWR and Capital Radio two years ago. He was in charge of GWR for 23 years prior to this.
The news comes as GCap announce that first-half pre-tax profit has dropped from £5.8m to £5.6m in the same period last year.
Bernard said: “Twenty-five years is a long time to head up a company and having been at the heart of commercial radio’s growth over the years, the time is right to step down as chief executive.
“Having taken the group and the industry to this point, I feel that now is the time for a new chief executive to face the new challenges and opportunities ahead.”
The company say that the search for Bernard’s successor will begin immediately.
(DS)
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