Sharewatch: Scottish Radio Surges Following Results

Week on week analysis of the media sector brought good news to Scottish Radio Holdings, which rose 2.7% week on week following a strong set of financial results.

The radio group announced that like for like broadcast revenues were up by 6% during the year to September, with national advertising up 9% and local up 3% (see Scottish Radio Sees Airtime Revenue Up 6% In 2003).

At the other end of the scale, BSkyB fell 0.51% week on week as the market continued to voice disapproval over the appointment of James Murdoch as chief executive of the satellite broadcaster (see Murdoch’s Son Lands Top Job At BSkyB).

Broader market sentiment was subdued by the terrorist attacks in Turkey. The threat loomed large in the UK, with tighter security already being introduced in Canary Wharf, the heartland of the city. Leading security advisors have warned it is only a matter of time before a similar attack rocks the UK.

The closing prices of media company shares on Friday were: