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.

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