UTV reports growth but outlook remains 'cautious'

UTV Media, the owner of TalkSport, has reported an overall 9% year-on-year revenue growth in the 10 months to October but warned UK radio revenue will be flat in November and December.

Alan Brazil: TalkSport presenter
Alan Brazil: TalkSport presenter

Its performance was fuelled by growth in TV and radio advertising revenue, according to the company's interim management statement.

But the group said that after factoring in foreign exchanges and the performance of its free Sport magazine, like-for-like revenue dropped from 9% to 8% in the period.

Across its GB radio division, which includes TalkSport, revenue grew on a like-for-like basis by 12%.

The station's radio presenters include outspoken DJs Alan Brazil and Mike Parry.

Revenue at the company's Irish radio division declined by 2% on a like-for-like basis in the 10 month period to October. A further decline is also expected for the last two months of the year.

UTV operates ITV's franchise in Northern Ireland and today said its overall performance was boosted by an increase in TV ad revenue.

It said ad revenue increase by 11% to the end of October, compared to a network increase of 17%.

The business also anticipates revenue to up by 11% in the last two months of the year. It said that free weekly title Sport Magazine was on track to deliver the substantial year-on-year profit improvement previously indicated.

The company's new media revenue declined by 3% to the end of October with the same position forecast for the full year.

In a statement the company said it remained "cautious" of its outlook. This was due to "wider economic conditions and the continued short-term airtime bookings".

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