Digital future for UBC
Posted by
Digital future for UBC

UBC Media Group, owners of the Classic Gold Digital network has announced it’s Preliminary results for the year ended 31 March 2006. Financial highlights include revenues up 21.8%, from 15.96 million pounds in 2005 to 19.44 million pounds in 2006 and a loss before taxation for the year was ?234,000 (2005: ?1.16 million).

UBC have had successful technical trials for the launch of a digital radio device which allows listeners to buy music from digital stations. The company hopes to raise 3 million extra shares, with the net proceeds to be used to further the Company’s investment in its digital music download technology, including allowing listeners to buy music via a handheld mobile device, and which UBC will demonstrate live for the first time at a presentation to media research analysts today (Monday June 26th) at the Stock Exchange.

National digital station Oneword is jointly owned by UBC and Channel 4, and will shortly benefit from cross-promotion of the newly launched Channel 4 Radio. Chief Executive, Simon Cole, commented, ‘This is a company that understands the digital radio business. Our results show that the investments we have made in the last four years are now delivering profit as the face of the radio industry changes.

We believe that the pace of change will accelerate and particularly that the opportunities provided by our successful trials of music purchase from digital
radio stations have the potential to create transforming business models.

I am delighted that our existing investors and some new investors have today backed our vision of this future and that we are funded to realise the full
potential of an exciting medium.’

Hear more radio industry news like this at the top of the hour on inRadio - the radio industry's very own radio station. Listen now in a new window whilst you continue reading RadioToday or press play below.

0 0 438 26 June, 2006 Industry News 7:38 am 20066 Monday, June 26th, 2006

Leave a Reply

Looking for something else?


Subscribe to our emails to stay informed about the latest radio news and products delivered straight to your inbox.

Related Posts

No related posts were found
WorldDAB General Assembly 2016 - November 9, 2016 at 10:00 am ()
Student Radio Awards - November 10, 2016 at 6:00 pm (The O₂ 10 Entertainment Avenue, London, SE10 0DY, England)
BBC Gillard Awards - November 10, 2016 at 7:00 pm (Newcastle)
Audio Production Awards - November 23, 2016 at 6:00 pm (BFI Southbank, Belvedere Road, London)
Radio TechCon 2016 - November 28, 2016 at 10:00 am (The Arts Theatre, 6-7 Great Newport St, London WC2H 7JB)
Salon de la Radio - January 29, 2017 at 10:00 am (Paris)
Salon de la Radio - January 30, 2017 at 10:00 am (Paris)
Salon de la Radio - January 31, 2017 at 10:00 am (Paris)
More events