Chrysalis boss Richard Huntingford has said he is not planning on demerging his company. His comments follow idle chatter in the investment community which said that Huntingford should sell off Chrysalis' music assets (Echo Records and the group's music publishing business) to fund the acquisition of a load more radio stations (investment types worried that Chrysalis is dwarfed in the radio sector by the recently merged GCap). However, despite a fall in revenue and profits in the last financial year, Huntingford said his company's double sector set up would continue.
Huntingford: "I don't think we are under pressure from shareholders. We certainly think we have a lot of further organic growth that can be driven from both businesses over the next few years. We have strong management teams in place to drive that growth and that's the best way of driving long-term value for shareholders."