Allen Barrels in with Shock Pounds 300m Gcap Bid

Daily MailJanuary 07, 2008

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Summary


BATTLE-scarred former ITV chief Charles Allen has made another play to return to the media big league with a high-profile Pounds 300m bid for GCap Media, the UK's largest commercial radio station and owner of Capital Radio, Xfm and Classic FM.

Allen, who is champing at the bit to become a serious media boss again since he was edged out of ITV in 2006 amid rows over programme flops including Love Island, pictured, mounted the bid through his new venture Global Radio.

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Allen Barrels in with Shock Pounds 300m Gcap Bid

Allen wrote to GCap chairman Richard Eyre on December 17 pledging to pay Pounds 3...

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