Sharewatch: Major Radio Groups Remain In Focus

Many radio groups saw a dip in share price last week following the publication of latest RAJAR data for the first quarter of 2004. Chrysalis saw the largest fall, slipping 6.85% week on week to close at 204p> Meanwhile, rival Capital dipped by 1.89% during the same period to rest at 466p.

Johnny Vaughan recently took the helm of Capital FM‘s breakfast show, inheriting the audience of Chris Tarrant who left the show after 17 years, although it is too early to see any effects of his presence at the station (see Capital Confirms Tarrant Is To Leave Breakfast Show).

Looking outside radio, the week’s largest success story has been United Business Media, increasing its share price by a massive 22.07% week on week to 561.5. Last week the company announced performance well ahead of last year, with expectations that the firm will achieve its 15% margin target in 2004 (see United Business Media In Line With Target Says Chairman).

The closing prices of media company shares on Friday were:

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