CAP Clean Air

RNS Number:7567H
Capital Radio PLC
25 January 2005





Capital Radio plc
Trading Update
25th January 2005

Capital Radio plc today announces a trading update for the three months ended
31st December 2004, to coincide with its Annual General Meeting being held
today.

Trading in the October to December quarter reflected the challenging market
conditions experienced by the radio industry. The Group's revenue declined by 4%
against the same quarter last year. However, there are some signs of an
improvement in the radio market and we anticipate that our January revenues will
be flat year on year.

On December 22nd 2004 the Office of Fair Trading announced that it would not
refer the proposed merger between Capital Radio and GWR to the Competition
Commission. This decision was subject to an undertaking to divest 106 Century FM
in the East Midlands. We are currently in discussions with the OFT regarding
this undertaking and can progress the merger once the OFT's statutory
consultation is completed and we have formal acceptance of the undertaking. We
anticipate that the merger will complete in early May.


Enquiries:

Capital Radio plc
David Mansfield, Chief Executive                      +44 20-7766-6288
Peter Harris, Finance Director                        +44 20-7766-6119
Jane Wilson, Communications Director                  +44 20-7766-6863

Finsbury Group
Rupert Younger                                        +44 20-7251-3801
Julius Duncan                                         +44 20-7251-3801







                      This information is provided by RNS
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