Ulster TV Profits Grow Despite Tough Ad Climate

12 September 2006

BELFAST: Ulster Television has reported first-half results including a 5% rise in pretax profit to £8.5 million ($15.8m; €12.4m) on turnover up 60% to £57m, boosted by acquisitions.

The Northern Ireland-headquartered broadcaster, which operates the commercial ITV franchise and also owns the national Talksport radio station and local radio stations, said like-for-like advertising revenues at both its British and Irish radio businesses rose 16% in H1. Television ad revenue fell by 6% but still outshone the broader ITV network.

UTV has been in merger talks with the underperforming SMG television and radio company [WARC News: 11-Sept-06].

Data sourced from reuters.com; additional content by WAC staff