More financials, this time from Chrysalis, who say that their radio division, home of Heart, Galaxy and LBC, is outperforming the market despite the fact revenues have been pretty flat so far this year. But, Chrysalis bosses say, their competitors saw an average 4% loss in revenues, so to be maintaining figures on par with last year was quite an achievement. Meanwhile, by keeping costs low, execs there say they hope profits will be up. On the music side of the equation, Chrysalis say that in that domain they are also out performing the market. CEO Richard Huntingford: "Our radio and music businesses have met the expectations we set out in November last year and once again outperformed their peers in what has been another challenging period for all those involved in the media industry. We are now seeing the benefits of focusing on these two strong businesses, with their market leading positions, materialising as planned."
Sep 21, 2006
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1 min read
Chrysalis say we're doing fine thank you very much
Chrysalis says its radio division, including Heart, Galaxy and LBC, has outperformed the market, with flat revenues but low costs boosting profits.