Chrysalis Sees Improving Radio Revenues, But Assumes No Full Year Positive Growth

Chrysalis Group this morning said that it “would be premature to herald a return to growth for UK advertising revenue as a whole”, despite the fact that its radio division reported strong revenue growth in March and April of 24%. This compares with a 12% decline over the same period of the radio industry as a whole, according to the company’s interim financial results (see Chrysalis Sees Stronger Radio Revenues, Outlook Remains Uncertain).