Cathy Wallace Global Radio is set for the biggest rebranding exercise in commercial radio history. The owner of the Heart, Classic FM, XFM and Galaxy brands has decided to scrap its 42-station One Network.

radio Interview Denise Van Outen has joined Johnny Vaughan'sbreakfast blast for Capital, but is the old chemistry still there? Ian Burrell reports I t is breakfast time in London and the literary buff that is Johnny Vaughan is regaling his listeners with his tragic version of the Rime of the Ancient Mariner; a rapid fire commentary on the demise of John Hewer, the actor best known for his portrayal of that bearded seadog of advertising, Captain Birds Eye.

Capital Radio broadcaster GCap Media yesterday said it had rejected a revised takeover approach valuing the company at pounds 332.9 million.

By Karen Attwood Global Radio has been given five weeks by the Takeover Panel to make a formal offer for GCap Media or walk away.

By Anonymous Capital 95.8 has clawed back some of its audience share, to become the third-most-listened-to commercial radio station in London, up from 4.1% to 4.7%, according to Rajar figures for the third quarter of this year.