UTV's radio success is a signal of intent
The radio group has bucked the downward trend by posting a revenue fall of just 1 per cent, writes Samantha McCaughren.
UTV, one of the country's largest radio groups, said last week that it had outperformed the market, with revenues down just 1 per cent, compared with an estimated fall of 7 to 10 per cent for the market.
No stations or radio groupings have been willing to put their hands up and admit they are taking the brunt of the dip in advertising revenue, but it seems clear that not all stations are suffering equally.
UTV didn't give...
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