'News: Revenues Down 2% At Chrysalis plc's Radio Division During Last Five Months' by Grant Goddard
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News story about a trading statement published by UK media owner Chrysalis plc which noted that revenues at its radio division were down 2% year-on-year for the last five-month period, written by Grant Goddard in February 2006 for The Radio Magazine.
![News: Revenues Down 2% At Chrysalis plc's Radio Division During Last Five Months Page 2
©2006 Grant Goddard
Revenues at Chrysalis plc's radio division are down 2%, according to a trading
update issued at the company’s Annual General Meeting.
Chairman Chris Wright said: “Whilst trading conditions for the radio industry as
a whole have remained challenging, we believe that Chrysalis Radio has
comfortably outperformed the industry in the five months to 31st January 2006
with like-for-like revenues showing only a modest decline of 2%. During recent
months, Chrysalis Radio has focused on enhancing its trading relationships
with its major clients in terms of both pricing and share of spend. As a
consequence, Chrysalis Radio has more than doubled the amount of national
airtime business contracted through annual share of spend deals, all of which
are at either enhanced price and/or volume levels. This development, coupled
with last week’s encouraging Q4 2005 RAJAR audience figures showing 'Heart
106.2' maintaining its position as London’s most listened to station, gives us
confidence in achieving our targets.”
[First published in 'The Radio Magazine' as 'Chrysalis Revenues Down 2%', #723, 15 February 2006]
Grant Goddard is a media analyst / radio specialist / radio consultant with thirty years of
experience in the broadcasting industry, having held senior management and consultancy
roles within the commercial media sector in the United Kingdom, Europe and Asia. Details at
http://www.grantgoddard.co.uk](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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'News: Revenues Down 2% At Chrysalis plc's Radio Division During Last Five Months' by Grant Goddard
- 1. NEWS: REVENUES DOWN 2% AT CHRYSALIS PLC'S RADIO DIVISION DURING LAST FIVE MONTHS by GRANT GODDARD www.grantgoddard.co.uk February 2006
- 2. News: Revenues Down 2% At Chrysalis plc's Radio Division During Last Five Months Page 2 ©2006 Grant Goddard Revenues at Chrysalis plc's radio division are down 2%, according to a trading update issued at the company’s Annual General Meeting. Chairman Chris Wright said: “Whilst trading conditions for the radio industry as a whole have remained challenging, we believe that Chrysalis Radio has comfortably outperformed the industry in the five months to 31st January 2006 with like-for-like revenues showing only a modest decline of 2%. During recent months, Chrysalis Radio has focused on enhancing its trading relationships with its major clients in terms of both pricing and share of spend. As a consequence, Chrysalis Radio has more than doubled the amount of national airtime business contracted through annual share of spend deals, all of which are at either enhanced price and/or volume levels. This development, coupled with last week’s encouraging Q4 2005 RAJAR audience figures showing 'Heart 106.2' maintaining its position as London’s most listened to station, gives us confidence in achieving our targets.” [First published in 'The Radio Magazine' as 'Chrysalis Revenues Down 2%', #723, 15 February 2006] Grant Goddard is a media analyst / radio specialist / radio consultant with thirty years of experience in the broadcasting industry, having held senior management and consultancy roles within the commercial media sector in the United Kingdom, Europe and Asia. Details at http://www.grantgoddard.co.uk