Capital Radio cues up nine months of revenue growth
Wednesday 04 February 2004
Capital Radio expects to see nine months of revenue growth, providing further evidence of a recovery in advertising markets.
Trading in the October to December quarter saw sales up 5 per cent compared with the same period in 2002 and following on from a positive July-September period.
The company, one of the big three radio operators, added in a trading update yesterday that January revenues were up 1 per cent, while February and March should show "modest growth, to result in nine months of year-on-year growth".
However, Capital's performance is still lacklustre compared with some of its competitors. Scottish Radio Holdings recently announced a 10.5 per cent sales rise for the final four months of 2003. Chrysalis yesterday reported that revenues were up 19 per cent for the five months from 1 September to 31 January.
Richard Menzies-Gow, an analyst at Dresdner Kleinwort Wasserstein, said: "Capital is clearly still underperforming the market by some way. This principally reflects the impact of declining audiences over the last 18 months."
While Capital had regained some lost ground, he said it still had to manage a "critical period" in April when Chris Tarrant, its star breakfast show host on 95.8 FM, handed over to Johnny Vaughan.
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
Ball pool for adults opens in London
Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 2 The awkward moment Sarah Palin raised $25,000 for Hillary Clinton's election campaign
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Baldness could soon be treated using stem cells, scientists hope
Negotiable: Recruitment Genius: This established Digital Agency based in East ...
£35 - 45K + COMMISSION (NEG): Guru Careers: A Sales Director / Business Develo...
£30000 - £35000 per annum + 20 days holidays & pension: Ashdown Group: Marketi...
£35000 - £40000 per annum: Sauce Recruitment: Working for a independently owne...