Revenues down ten per cent at talkSPORT
The first three months trading of 2013 for UTV Media shows company revenues are down across radio and television divisions.
“Radio GB” revenues reduced by 7% over the period with decreases of 10% in talkSPORT and 3% in their Local Radio business compared to a UK radio market which declined by 2%.
The company expects talkSPORT will continue to lag the market due to the impact of Euro 2012 and they anticipate that total revenue in Q2 will be down 14% compared to the same period in 2012
It’s a similar story in Ireland too with UTV’s “Radio Ireland” revenues down 10% on a local currency basis in the first three months of the year, with the company blaming the on-going volatile market conditions in Ireland.
“We believe that we continue to outperform the market. Q2 revenues are anticipated to be down by 6% compared to last year (down 10% on a local currency basis),” UTV said in a statement today.
UTV Media owns and operates seven radio stations in Ireland including U105, FM104, C103 and Q102.
Only UTV’s New Media division had increased revenues – which went up by 9%.
The company says it remains cautious about the outcome for the year and has implemented additional cost saving measures.