UTV Sees Rise in Revenue | The Irish Film & Television Network

The company saw television advertising revenue in the UK and Ireland increase by 11% compared to a network increase of 17%. A release from UTV Media plc states that the group anticipates: ”that revenue in this division will be up by 11% in the last two months of this year.”

On the other hand, the group’s Cumulative New Media revenue declined by 3% to the end of October with the same position forecast for the full year and Radio Ireland revenue declined by 2% on a like for like basis in the period to 31 October, excluding sterling translation exchange losses. Before the exchange adjustment the decline was 5% and UTV expects this trend to continue broadly at this rate for the last two months of the year.

The report, compiled by financial analysists, Maitland did find that the revenue in the group’s Radio GB division for the ten months to the end of October grew by 17%, based on continuing operations. On a like for like basis, revenue grew by 12%.

The report from UTV Media plc’s business division ends on a tentatively positive note, stating: “The uncertain wider economic conditions and the continued short-term airtime bookings make us cautious in our outlook. Nonetheless, the revenue growth experienced by our Television and Radio GB divisions combined with the out performance of our Radio Ireland business provides encouragement going forward.”

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