Wire FM, Swansea Sound and talkSPORT owner Utv has officially changed it's name to UTV Media plc. The change reflects the growing radio and new media interests for the company. In 2006, radio alone accounted for 54% of total sales for the first time.
The scheme, which has been approved by shareholders of UTV and the High Court of Justice in Northern Ireland, is effective immediately.
John McCann, Group Chief Executive, UTV Media plc said: “Over the last few years, the company has diversified its operations beyond Television, and has successfully expanded into Radio and New Media. In 2006, for the first time, total sales generated by Radio exceeded that of Television, with Radio accounting for 54% of total sales, while Television and New Media accounted for 37% and 9% respectively. The name of the new holding company UTV Media plc more accurately reflects the company’s broadened portfolio and strategy towards a diversified UK and Republic of Ireland media business.”