GMG Radio

This has been a landmark year for GMG's radio division. Following the acquisitions of QFM, Century FM and Saga Radio, GMG Radio is now one of the leading commercial radio groups in the UK. Its stated objective of becoming the third largest radio group by listening hours is expected to be reached by the end of 2007. Conditions have been difficult fo... r many competitors in the sector, but on a like-for-like basis the radio division has significantly out-performed the market, with growth well ahead of the industry. Operating profit for the division excluding amortisation of acquired intangibles was £3.5 million (2006 £2.7 million). The statutory operating profit for the division was £1.9 million (2006 £2.7 million), on turnover up from £27.9 million in 2006 to £35.7 million. The reduction in statutory operating profit reflects the amortisation of intangible assets acquired during the year. GMG Radio's audience has also continued to grow on a like-for-like basis, delivering some 29 million listening hours per week. Taking into account acquisitions, total hours for the division at the beginning of April 2007 were 46 million per week.Read More