Chrysalis expects Heart to top Capital
Tuesday 11 May 2004
Chrysalis, the media company, has predicted that its Heart radio station in London will overtake Capital Radio's flagship over the next year.
Although Heart briefly passed 95.8 FM's market share in London for one quarter last year, the last two listening surveys have seen it slip back.
Richard Huntingford, the Chrysalis chief executive, said Heart would get back in front - permanently. He said Capital's loss of its star DJ, Chris Tarrant, who hosted the key morning show, meant its leadership of the London breakfast slot was up for grabs.
He said half of Mr Tarrant's listeners were over 35 - an audience that was "naturally" much more at home with Heart's style and music than with Capital's youth-orientated programming.
"When we got past Capital [last year] we said it was 18 months too early. We didn't think it would happen until after Tarrant left. We think the new Capital breakfast show provides a major opportunity. Our goal is to make Heart the number one station in London and we think it is very achievable."
Chrysalis, which also has a books and music division, reported a 19 per cent rise in underlying pre-tax profit to £3m for the half year to 29 February. Radio revenues were up 23 per cent and the company said a similar rise in radio sales had been maintained in March and April.
Losses at the troubled book division more than halved to £700,000. The company said it was looking to get this business back into profit before making a decision on its future. Analysts expect the books interests eventually to be sold.
Chrysalis said it had launched a new division to exploit the growing market for mobile phone ringtones, which are becoming much more sophisticated "real" tones, and the upcoming development of full song downloads.
International Women's Day 2014: The shocking statistics that show why it is still so important
Feminist quotes to inspire you on the International Women's Day
Belle Knox: How the porn star student from Duke University became bigger than Justin Bieber
International Women's Day 2014: Mothers and daughters describe their hopes and dreams in touching photographs
Liam Neeson on death of wife Natasha Richardson: ‘When I hear the door opening, I still think I’m going to hear her’
- 1 International Women's Day 2014: The shocking statistics that show why it is still so important
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Orgasm machine to deliver climax at the push of a button
- 4 Too upsetting? Academy members voted for Oscar-winning 12 Years A Slave 'without watching it'
- 5 Liam Neeson turned down James Bond role because Natasha Richardson said she wouldn't marry him if he took it
£12000 per annum: Inspiring Interns: Founded in 2008 by two Chinese tech entre...
£40000 - £47000 per annum + Benefits + Bonus: Pro-Recruitment Group: Qualified...
£6.31 per hour: Inspiring Interns: This company delivers over 200 public secto...
£23000 - £27000 per annum + £18K Base + Uncapped Commission + Benefits: Flight...