Menu
19/11/2009
Recession Hits Regional TV Revenue
UTV, the Belfast-based media group, has said the recession is continuing to hit its business.
A statement covering the 10 months to the end of October 2009 has reported that revenues are down 8%, compared to the same period last year.
The decline was greatest at its TV business where revenues fell by 21%. The company said the rate of decline is now easing and it expects profits for 2009 to be broadly in line with market expectations and added that advertising bookings remain "extremely short-term" which means the company is cautious about its prospects for 2010.
It is working on the assumption that general weakness in advertising revenues will be mitigated by an advertising boost at its TalkSport and Sport magazine businesses, due to the 2010 World Cup.
(BMcC/KMcA)
A statement covering the 10 months to the end of October 2009 has reported that revenues are down 8%, compared to the same period last year.
The decline was greatest at its TV business where revenues fell by 21%. The company said the rate of decline is now easing and it expects profits for 2009 to be broadly in line with market expectations and added that advertising bookings remain "extremely short-term" which means the company is cautious about its prospects for 2010.
It is working on the assumption that general weakness in advertising revenues will be mitigated by an advertising boost at its TalkSport and Sport magazine businesses, due to the 2010 World Cup.
(BMcC/KMcA)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
28 November 2001
Granada profits fall due to advertising revenue drop
Granada’s profits have dropped sharply due to a slump in advertising revenues. The company’s profits before taxes during the year to September fell by 27 per cent to £236 million, while losses at ITV Digital soared by 26 per cent to £234 million.
Granada profits fall due to advertising revenue drop
Granada’s profits have dropped sharply due to a slump in advertising revenues. The company’s profits before taxes during the year to September fell by 27 per cent to £236 million, while losses at ITV Digital soared by 26 per cent to £234 million.
15 September 2009
Tele Gets Big Print Deal
An iconic local newspaper is to become one of Europe's biggest producers of daily titles. Deals worth £40m will mean the loss-making Belfast Telegraph can now be more confident about its future.
Tele Gets Big Print Deal
An iconic local newspaper is to become one of Europe's biggest producers of daily titles. Deals worth £40m will mean the loss-making Belfast Telegraph can now be more confident about its future.
28 June 2016
New Competition Launched To 'Maximise Business Rates Revenue'
A new competition has been launched to maximise business rates revenue in Belfast.
New Competition Launched To 'Maximise Business Rates Revenue'
A new competition has been launched to maximise business rates revenue in Belfast.
24 April 2002
IBM and Sage commit to Linux for SME's
IBM has announced an agreement with Sage, a major global supplier of business management software and related products and services to Small and Medium Enterprises (SMEs), in one of the industry's strongest endorsements of Linux for business critical applications in the SME sector.
IBM and Sage commit to Linux for SME's
IBM has announced an agreement with Sage, a major global supplier of business management software and related products and services to Small and Medium Enterprises (SMEs), in one of the industry's strongest endorsements of Linux for business critical applications in the SME sector.
06 November 2015
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
Council Hosts 'Small Business Saturday Bus Tour'
Belfast City Council hosted the 'Small Business Saturday Bus Tour' at City Hall on Thursday, 05 November, which is touring the UK to highlight small business success and encourage people to 'shop local'.
-
Northern Ireland WeatherThis Evening and Tonight:A mostly dry evening and night with a widespread frost developing along with freezing fog, which could become extensive, especially in the south. Winds remaining light. Minimum temperature -3 °C.
