Media group Chrysalis has announced six-month figures which show that its losses after tax have dropped to £2.5m from £2.65m last year. Turnover rose from £47.1m in 1995 to £56.3m this year.
Chrysalis point out that in terms of its radio interests (Heart 106.2 London, Galaxy 101 Bristol and Heart 100.7 Midlands) last week’s Rajar figures were encouraging (Newsline 17/05). The company has also submitted applications to run the new Yorkshire and East Midlands regional licences.
Chris Wright, Chairman of Chrysalis, commented that the group’s losses were anticipated as a result of the start-up costs of its new radio stations, its Echo record label and its feature film companies.
Chrysalis: 0171 221 2213
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
