Testing times for UBC Media
Posted by
Testing times for UBC Media

UBC Media is reporting a loss from continuing operations of £0.46 million or 0.24 pence per share, compared to a loss of £0.35 million or 0.18 pence per share in the same period last year.

Simon Cole, Chief Executive of UBC Media said it is a difficult time for the industry: "This has been a testing six months for UBC and I am immensely proud of the determination shown by our senior management and staff in making the tough changes necessary to position the company correctly. We have reduced our losses from continuing operations and implemented substantial savings in our central overhead which should deliver further improvement.

Our Commercial Networking division has achieved a long-cherished aim of including every major UK commercial station having signed the old GCap stations to our Network Drive service. This has all been done in the teeth of a downturn in radio advertising; the worst in five years. However, I am confident that the enlarged business we have built, when sales rates return to those we saw in March this year, will deliver significant profits.

Having closed loss making digital joint ventures at the end of last year, we have now integrated the Cliq intellectual property to provide a business-to-business service in the connected radio industry of the future. We have published significant patent applications around this software in the period and are confident of the grant of these patents in the next two years."

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 0 351 17 November, 2008 Industry News 7:33 am 200811 Monday, November 17th, 2008

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