A good six months for TLRC
The Local Radio Company have today announced their interim results for the six months ended 31st March 2005. Turnover is up at ?9.8m and national sales has increased by 32%.
Since taking over from Radio Investments Ltd almost a year ago, TLRC have bought four local radio stations – 2BR, Dune FM, KCR (now The Rocket) and Spirit FM – and won two; in Blackburn (as 32.5% shareholders in The Bee) and Durham.
Richard Wheatly, Chief Executive, The Local Radio Company said:
‘Almost a year to the day since listing, The Local Radio Company is well on its way to becoming a major force in the UK’s local commercial radio market.
‘The Company is now profitable at the operating level and we have been able to grow our advertising sales in a difficult market, due to our mix of local and national business’
Read the full release by clicking here.