Radio content and programme producer UBC Media Group this morning said that its revenues are expected to be up by 20% year on year for the six months to 30 September 2002.
Despite the weak advertising conditions in the UK radio sector, UBC’s commercial division, which sells airtime across the company’s networked radio programming, is expected to show revenue growth of approximately 2% year on year. This is a much stronger performance than currently experienced by EMAP’s stations, which have seen revenues decline by 7% H1 (see EMAP Remains Resilient In Tough Markets).
Shares in UBC Media were unchanged at 23p by mid-morning today.