Wednesday 20 September 2017

UTV revenue rises on 2014 soccer World Cup boost

A general view is seen of the Arena de Sao Paulo Stadium, one of the venues for the 2014 World Cup, before a soccer match test in the Sao Paulo district of Itaquera May 10, 2014. The stadium will host the opening match of the 2014 World Cup. REUTERS/Paulo Whitaker (BRAZIL - Tags: SPORT SOCCER WORLD CUP)
A general view is seen of the Arena de Sao Paulo Stadium, one of the venues for the 2014 World Cup, before a soccer match test in the Sao Paulo district of Itaquera May 10, 2014. The stadium will host the opening match of the 2014 World Cup. REUTERS/Paulo Whitaker (BRAZIL - Tags: SPORT SOCCER WORLD CUP)

Radio and television broadcaster UTV Media reported a 7pc rise in first-quarter revenue as its radio channels benefited from the build up to the 2014 soccer World Cup.

The company, which has non-exclusive radio rights to the FIFA World Cup this summer, reported revenue of £27.8m for the quarter ended March 31 compared with £26m a year earlier.

Revenue from UTV's largest division, Radio GB, rose 10pc, while its popular radio station talkSPORT saw a 16pc rise in revenue in the quarter, the company said.

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