Radio group GWR this morning announced financial results for the year ended 31 March 1997 which show that pre-tax profit has risen from £5.5m to £11.9m. Turnover increased from £39.1m to £63.8m.
The group also announced that it would be selling its St Albans radio station to Essex Radio and that it would be setting up its own in-house sales operation in the wake of Media Sales and Marketing focusing solely on its Capital and Virgin portfolio (subscribers see A Capital Team).
In its trading statement for the year GWR said that it had been pleased with the relaunches of the LBC AM and FM stations. It also stated that trading conditions in the new financial year slowed in the run up to the General Election but that the rate if growth in revenues has now improved, especially in relation to national sales.
More information regarding the setting up of GWR’s new sales house will be available on Newsline as soon as possible.
GWR: 01793 422 700
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.
