Rupert Murdoch's UK radio outpost The Wireless Group this week posted its first operating profit
The company -- owner of national network Talksport and a number of local stations -- reported 2003 operating income of £2.3 million ($4.3m; €3.5m), up from a £2.3m loss the year before, as revenues rose 14% to £32.6m. On a net basis, however, the group stayed in the red, with losses narrowing from £19m in 2002 to £11m.
Despite being a relative minnow in the UK radio market, TWG has a high profile thanks to its vocal chairman/ceo, former tabloid editor Kelvin MacKenzie. MacKenzie has been conducting an increasingly bitter campaign against industry ratings service RAJAR, which has refused to bow to his demands that it switch to an electronic measurement system.
True to form, MacKenzie used the results presentation to continue the row. "RAJAR has neither implemented nor given any clear indication of when it will implement a more accurate system," he fumed. "In our view RAJAR continues to drag its feet and to misrepresent the true audience figures of our group and that of others."
Data sourced from: MediaGuardian.co.uk; additional content by WARC staff