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Wednesday, 26 January 2005 |
Recent reports on low revenues from 3 of the largest commercial radio players in the UK suggest the industry is having a tough time.
Capital, Chrysalis and GWR have all reported a decline in advertising sales year on year.
Capital has reported that revenue is down for the fourth quarter of 2004 by 4% on 2003 figures. Similarly GWR and Chrysalis have both reported a 3% decline in ad revenue against last year's figures.
GWR is currently in talks with the Office of Fair Trading over undertakings required in its merger with Capital Radio. The merger is expected to be completed in May.
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