WIRELESS GROUP
UTV Media plc ("UTV") notes the recent speculation relating to the potential disposal of its UK independent
local radio stations.
The Directors of UTV continue to manage the overall group in the best interest of its shareholders and confirm that UTV is currently assessing the options for its UK independent local radio stations which may or may not lead to the disposal of some or all of these stations. For the avoidance of doubt, any disposal would not include talkSPORT, Sport Magazine, talkSPORT International or any of UTV's Irish radio stations.
UTV has an established portfolio of successful and profitable radio stations and is one of the largest radio operators in the UK. Its local radio stations attract over 1.2 million listeners every week across some of the country's major regions and, in the most recent quarterly industry audience measurement survey, grew market share and audience by 5 per cent and 3 per cent respectively over the prior quarter. This strong operation al performance was reflected in the financial results for the UK independent local radio stations which saw revenue and operating profit increase in the 6 months to 30 June 2014.
A further announcement will be made in due course, as appropriate.
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