Growing profits and a strong cash flow at private radio operator UKRD has meant a second dividend for shareholders.
Chief Executive William Rogers confirmed the news to RadioToday.co.uk, saying the group’s focus on providing local radio is paying off.
He said: “The genuinely local radio model we are following is successful in terms of community service and engagement as well as commercial delivery and I regret deeply that all too many in the commercial radio industry still work to undermine what is a perfectly good operating model by encouraging the Government to follow its present completely inept strategy for our sector.”
“It is fantastic to see growth across the group and we are in a position to ensure that
our shareholders are rewarded for their support over the years,” he said. “I fully
expect to see progress being maintained as we move into the next financial year with
further dividends being declared.”
UKRD now owns 17 licences after the acquisitions earlier this year of Blackburn based The Bee and Preston’s Central FM.