Media In The City: UTV Reports 2% Increase In Revenues

Last week in the City, UTV, the owner of talkSPORT, reported a 2% increase in group revenues for 2007, to £115.6 million.

The company’s operating profit, including associate income and before exceptional charges was up 5% from £24.8 million in 2006, to £26 million (Full Story).

JCDecaux reported worldwide revenues of more than €2 billion (£1.5 billion) for 2007, up 2.8% from 2006 (Full Story).

In a trading statement, JCDecaux said that its UK billboard business posted double digit growth in profit margin.

French marketing services company Havas also released a trading update for 2007, reporting a 39% year-on-year increase in operating profit to €168 million (£128 million) for 2007.

Havas, which owns media agencies Euro RSCG, Media Planning Group and BLM, also posted a rise in net income of 81% to €83 million (£63.3 million) (Full Story).

Fernando Rodés Vilà, chief executive officer of Havas Group, said: “The results for 2007 are up sharply on 2006 and ahead of target.

“In 2008, we will continue our efforts to win new business, optimize resources and control costs. We are especially satisfied with our strong cash flow generation and debt reduction, enabling Havas to regain real financial autonomy.”

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