Jazz FM Tunes into First-Time Profit

28 February 2001

Commercial radio station Jazz FM has made its first profit in ten years on-air.

The station posted pre-tax profits of £60,000 for the last six months of 2000, a dramatic improvement on the £2 million loss the year before.

The move into profitability was triggered by a leap in CD sales – from 75,000 in the second half of 1999 to 300,000 in the equivalent period last year – alongside a 37% rise in listening figures.

Jazz FM also promises further growth after securing digital radio licences in London and central Scotland and, in conjunction with other stations, south Wales, West Midlands, Severn Estuary and the North East.

News source: BBC Online Business News (UK)