UBC Figures Show Positive Radio Revenue Growth
Radio content and programme producer UBC Media Group this morning said that its revenues are expected to be up by 20% year on year for the six months to 30 September 2002.
Growth has been particularly strong at Classic Gold Digital, with revenues up 58% to around £2.2 million. UBC acquired the Classic Gold business from GWR Group in September 2000 for £4.2 million.
Despite the weak advertising conditions in the UK radio sector, UBC’s commercial division, which sells airtime across the company’s networked radio programming, is expected to show revenue growth of approximately 2% year on year. This is a much stronger performance than currently experienced by EMAP’s stations, which have seen revenues decline by 7% H1 (see EMAP Remains Resilient In Tough Markets).
Shares in UBC Media were unchanged at 23p by mid-morning today.
