UTV’s Irish radio arm ‘outperforms’ market despite 6% fall in revenue

UTV Media has said that its Irish radio division has “significantly” outperform- ed the market so far this year, despite revenues showing a 6% annualised decline.

The Belfast-based media group’s Radio Ireland unit — which includes the likes of Cork stations C103 and 96FM, Limerick’s Live95 FM, and Dublin stations Q102 and FM104 — posted revenues of £17m (€21.1m) for the first 10 months of 2012, down by 6% on a reported basis on the same period last year.

However, when measured on a local currency basis, UTV — which published its latest trading update yesterday — said that the division maintained its revenue levels during the period, “significantly outperforming the Irish radio market which is estimated to have declined by 8% over the same period”.