UTV Media's pretax profits fell nearly ten per cent to stg£21 million in 2012 from stg£23.3 million. The company said a slight increase in its radio operating profit was more than offset by a fall in television and new media.
Its revenue was stg£120.1 million for the 2012 business year, slightly below its 2011 revenue of stg£121.6 million.
The media company said its Irish ad budgets continued to be squeezed, although there had been...
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