(; ) is a broadcasting
and New Media
company based in Belfast
in Northern Ireland
. It is a constituent of the FTSE SmallCap Index
. UTV Media's main operation is the ITV
franchise for Northern Ireland, and it is also the owner of UTV Radio
, which operates the UK Independent National Radio station talkSPORT
, along with 16 radio
stations in the United Kingdom
and 5 in the Republic of Ireland
. UTV is available terrestrially to 98% of Northern Ireland's population, and is now available, through a number of platforms as well as via terrestrial overspill, to 70% of the Republic of Ireland's.
UTV Media was able to expand between 2004 and 2006, largely due to its investment in and purchase of radio stations. It has had a large increase in business turnover, which was up 46% on 2004; pre-tax profits rose by 12%, and employment rose by 500 people to more than double the figure in 2004. In 2006, total sales were £113.6m of which UTV Radio
accounted for 54%, television
37% and 9% from New Media
. 48% of operating profits were earned in the radio side of the business, with 47% derived from television and 5% from new media.
In August and September 2006, UTV Media made two merger proposals to the STV Group plc
, which operates the northern and central Scottish ITV
franchises as STV
. The latter proposal would have given SMG shareholders 52% of the merged company. However on 20 September 2006, UTV abandoned the plans after SMG rejected the offer as......