UTV Media

UTV Media

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UTV Media

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Description:
UTV Media (; ) 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.

History

Expansion

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.

Mergers

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......
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