Radio profits up for UTV
Posted by
Radio profits up for UTV

Northern Irish broadcaster UTV have reported a strong performance for it's radio stations in the last 12 months, with profits for the division up by 50 per cent. Total group operating profits are up 6 per cent, whilst television operating profits are down 24 per cent.

Ad revenue in Britain grew by 6 per cent on a like for like basis, compared to a reported market decline of 5 per cent. Radio advertising in Ireland grew by 12 percent on a like for like basis.

John McCann, Group Chief Executive, UTV, said: "Our strategy of developing media interests outside our TV business through the acquisition of radio assets in both GB and Ireland has resulted in our radio divisions' contributing the larger proportion of the Group's revenue and operating profit for the first time.

'Our strong regional TV advertising performance has once again resulted in an outperformance when compared to ITV1. We have had a positive start to 2007 and I remain confident of our ability to continue to outperform against a backdrop of difficult trading conditions in the GB advertising market.'

[link=] – non-stop radio news[/link] [email protected] or call 0871 315 6 315

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 0 364 19 March, 2007 Industry News 7:56 am 20073 Monday, March 19th, 2007

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)
BBC Music Awards 2016 - December 10, 2016 at 8:00 pm (ExCeL London 1 Western Gateway, London, E16 1XL, England)
Salon de la Radio - January 29, 2017 at 10:00 am (Paris)
Salon de la Radio - January 30, 2017 at 10:00 am (Paris)
More events