UTV Ireland first-half loss tops €10m

The new UTV Ireland television station generated a loss of £7.5m (€10.2m) in the first half of this year; representing approximately 65% of the venture’s anticipated losses for the full year.

Parent company, the Belfast-based UTV Media, revealed, earlier this week, that it’s in talks regarding the sale of its television operations; a transaction which, were it to happen, would include the eight month old UTV Ireland arm.

In June, UTV widened loss estimates for its new Dublin-based channel for the third time in less than a year; saying it would post a maiden year loss of over €16m.