Scottish Radio Sees 11% Revenue Jump In First Quarter

Like-for-like radio revenues at Scottish Radio Holdings (SRH) jumped by 10.5% during the company’s first financial quarter, thanks to an improvement in national advertising and a continued ‘robust’ performance from local spend.

SRH said that overall its revenues had risen by 7.7% from October to December. Within this the Score Press newspaper business saw revenues rise by 4.0% year on year. This growth has continued into January, the company said in an AGM trading update.

Earlier in the month Glasgow-based media group SMG sold its 27.8% holding in Scottish Radio to Emap for £90.5 million. Commenting on this transaction, SRH’s chairman, Lord Gordon of Strathblane today said that he would he preferred to assist in the placing of the shares, but looks ‘forward to a mutually beneficial relationship with Emap as shareholders.’

Shares in Scottish Radio Holdings were up by 1.4% at 939p by lunch-time today.

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