LBC owner loses £140m despite revenue marching towards £1bn Media Global, the media giant behind the likes of radio stations LBC, Capital and Heart, lost £140m during its latest financial year despite its revenue continuing its march towards £1bn. The London-headquartered business, which also includes Smooth, Radio X and Classic FM, has reported its latest pre-tax loss after also losing £120.3m in the prior 12 [...]
Kemi Badenoch: Tories could means test state pension triple-lock Politics Kemi Badenoch has said the Conservatives could look at means testing the state pension triple-lock, in what would be a major policy shift. The Tory Party leader was asked during a phone-in on LBC Radio whether she would “look at” the triple-lock on the state pension, which sees the welfare benefit rise each year by [...]
Global: Huge losses continue for LBC, Heart and Capital owner Media Global, the media giant which owns commercial radio stations such as Capital, Heart and LBC, has now lost almost £700m since it last reported a pre-tax profit. The London-headquartered empire, which also includes Smooth, Radio X and Classic FM, fell to a pre-tax loss of £120.3m in the year to 31 March, 2024, newly-filed accounts [...]
Record breaking 27.6m tune into Global as Amanda Holden beats Greg James at breakfast May 16, 2024 A record 27.6m weekly listeners tuned into Global Media's radio shows in the first quarter as Heart, LBC and Capital dominated breakfast time.
‘It’s not uncommon’: Minister defends £15,000 taxpayer payout to settle Donelan libel claim March 6, 2024 A minister has defended a £15,000 payout of taxpayer money to settle a libel case after tech secretary Michelle Donelan falsely accused two academics of "sharing extremist views" and one of supporting Hamas.