UTV expects revenue to fall at talkSPORT

First-quarter revenue at talkSPORT for 2015 will fall two percent, UTV has announced today.

The preliminary results show talkSPORT revenues were £29.7m for the year ended 31 December 2014, compared with £24.3m in 2013, boosted by the World Cup.

The company also said first quarter airtime revenue from its radio stations in England and Wales is expected to be up by 4 percent.

But there was no update on the statement from 9 January 2015, in which UTV confirmed that a review of the strategic options in respect of GB local radio stations was under way. The company advised that it may, or may not, lead to the disposal of some, or all, of its local radio stations in England and Wales.

John McCann, Group Chief Executive, UTV Media plc, said: “Record audiences for talkSPORT and market leading audiences in both Irish Radio and Television underpin these results, providing confidence that our new venture UTV Ireland, will emulate its older siblings and over time, build a stronger audience base. The significant uplift in GB Radio’s profitability together with the recovery in Irish Radio and Television advertising are particularly pleasing.”

Posted on Wednesday, March 18th, 2015 at 8:48 am by RadioToday

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