Former owners of the Classic Gold network, UBC Media, are expected to announce profits up 17 per cent for the year ending 31st March. The company will also continue to review its exposure to recurring digital costs, with more details to be announced in an end of year report in June.
UBC Media launched an instant music buying service last year named Cliq, available on 85 per cent of mobile phones, and has just agreed a new advertising deal with Virgin Radio to supply travel news via the UBC's programme syndication networks.
Proceeds from the sale of the Classic Gold network will help cash flows, the company said today.
