Capital Radio has released results for the six months ending March 1994; pre-tax profits were up 170% from £4.6m to £12.5m. This was helped by the sale of three stations, Radio Trent, Mercia Sound and Leicester Sound to GWR for over £4 million.
The chairman said the company is enjoying a strong market, as the recovery in the overall advertising economy is sustained. Capital’s advertising revenue increased by 34% in this reporting period.
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