Revenues rise five per-cent at UTV Radio

UTV’s GB radio division saw revenues increase by 5% in the first 10 months, with talkSPORT growing 8% and its local stations growing by 1%.

The UK radio market increased by 4% over the same period and the company expects to see revenue in November and December grow 2% above last year.

In Ireland, the stations maintained revenue over the period, “significantly outperforming the Irish radio market which is estimated to have declined by 8% over the same period”.

Currency translation losses, however, led to a 6% deduction in reported revenue. It is anticipated that revenue performance in November and December will be down by 5% compared to last year on a local currency basis.