Radio station Newstalk 106-108 managed to grow its turnover by more than 70 per cent last year, but is still generating sizeable losses.
Newly-filed accounts for the station owned by Denis O’Brien’s Communicorp reveal that turnover hit €9.3 million in the year ending December 31, 2007, up from €5.4 million recorded in 2006. However, Newstalk made a €2.2 million net loss last year and now has accumulated losses of €19.2 million. The firm finished the year...
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