UTV’s radio revenues grow

UTV Media is anticipating further growth in its Irish radio division after seeing underlying revenues rise by 1% in the first four months of this year.

The increase was measured on a local currency basis, but actually translated into a revenue decline of 2% due to the negative impact of foreign exchange movements.

Again, on a local currency basis, UTV expects to see a like-for-like sales increase of 3% for the Radio Ireland business for this month and June, but weak sterling could see May/June revenues for the division fall by 5%.