Summary
CLASSIC FM and Birmingham's BRMB owner GCap Media is carrying on spending when investors hoped it might have begun tightening its belt.
They are feeling the pain after the commercial radio leader halved its annual dividend to 4.6p a share.See the full content of this document
Extract
Investors Pick Up the Wrong Signals From Spendthrift Gcap
The move was flagged last autumn when GCap offloaded two Century stations to Gu...
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