The London news contract was awarded to London Broadcasting Company (LBC) and they began broadcasting on 8 October 1973. The London general contract went to Capital Radio, who began broadcasting on 16 October 1973. In total, 19 contracts were awarded between 1973 and 1976. Due to government limits on capital expenditure and turbulence in the broadcasting field (mainly due to the Annan Report), no further contracts were awarded until 1980, when a second tranche of contracts were awarded. All stations were awarded an AM and an FM frequency, on which they broadcast the same service.