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GCap Aborts Planned Station Sell-Off
March 24, 2006 at 8:05 AM (PT)
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The UK's GCAP MEDIA won't be selling off nine of its analog stations in SOUTH WEST ENGLAND and NORTH WALES after all, as the company announces that it had received offers for the stations but none were high enough.
The announcement that the previously announced sale plans have been scrapped came as the company revealed that its inventory-cutting program and declining ratings have led to revenues projected to fall 13% for the first quarter.

