Guardian Media Group Radio (GMG Radio) today announced that national airtime revenue’s have grown by 86% in the last year and annual turnover is up by 61%.
John Myers, GMG Radio, chief executive said: “GMG Radio has enjoyed a very positive year, outperforming its peers within the industry on a number of fronts. With strong support from its parent, GMG, is well placed to continue to grow.”
GMG Radio owns London’s JazzFM and four regional stations; Real Radio in Wales, Scotland & Yorkshire and Smooth FM in the Northwest; together they achieved a 47% rise in local airtime revenue says the statement. Each station saw exceptional increases with SmoothFM achieving the highest growth of 103%, followed by a 93% increase for the group’s youngest station, Real Radio in Yorkshire.
Bob Phillis, GMG Plc, ceo said: “We are delighted with the progress made by all five stations during the year and I look forward to further growth and commercial success based on these solid foundations.”
Guardian Media Group plc will publish its full annual report in July 2004.