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Encouraging times for TLRC

The Local Radio Company is reporting a very encouraging second half of the current financial year. Revenue is expected to increase by over 7.5 per cent compared to the same period last year, despite difficult trading conditions.

Richard Wheatly, The Local Radio Company's Executive Chairman is confident that the progress made by the Company in the second
half of this financial year will continue.: "The steps that we have taken to improve the performance of our network of local radio operations have begun to take effect.

"We are looking forward to next year with a renewed sense of optimism. We believe that our strategy to focus on the local radio market in the UK is absolutely right and that the fundamental strength of our local radio proposition will create value for shareholders in the future."

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