GWR Group Trading Ahead Of Forecasts

GWR Group announced better than expected trading patterns for the first quarter of this year. At the company’s AGM this morning chairman Henry Meakin said revenues had shown “exceptional year on year growth.”

As a result the group, which owns Classic FM as well as 38 local licences, across the UK, is trading ahead of its budgeted profit. Its acquisition of the DMG radio stations is proceeding as planned (see GWR Acquires DMG Radio Group) and it expects to dispose of a number of its less profitable licences soon, in accordance with broadcasting regulations.

GWR also owns a 67% stake in Digital One, the first national digital multiplex for the UK. Meakin said today that the final two services – Bloomberg TalkMoney and ITN News – have now launched on the platform and expansion of the digital transmitter network from 69% to of the population to 85% has begun, and can expect to be completed in the next two and a half years.

GWR Group: 020 7284 3000