UTV Media has said that its Irish radio advertising revenue was flat over the first ten months of the year in euro terms.
But it was down 6% to £17m in sterling terms due to currency translation losses.
UTV's assets in the Republic include FM104, Q102, Limerick's Live 95, Cork's 96FM and LMFM in Louth and Meath.
In an interim management statement, the company said it expects its Irish radio revenue performance in November and December to be down by 5% compared to last year on a local currency level.
Overall group revenues for the ten months to the end of October were flat at £99.5m, while revenues at its UK radio division rose by 5% to £46m.
The company said that revenues at its television division fell by 7% to £26.5m, with net advertising revenue down by the same amount. NAR revenue at its Irish office saw a decline of 16% in the ten month period.
UTV said that advertising revenue is set to fall by 11% for the rest of the year due to continued difficult trading conditions in Ireland.
UTV's new media operations saw revenues rise by 5% to £10m in the ten months from January to October. The company said it expects recent restructuring within the division will result in an improved performance next year.
The company said that in Ireland, where it continues to outperform the radio advertising market, challenging conditions persist for both television and radio in the fourth quarter, with further revenue declines anticipated.
''The headwinds to trading which we experienced in quarter three continue into the first weeks of quarter four, with macroeconomic conditions in the UK, to which advertising is so sensitive, still showing signs of volatility,'' UTV's statement said.
It said that with limited visibility, it remains cautious about the prospects for revenue growth across our key business divisions.
''Despite investment in future profit streams, we continue to keep a tight control over costs, the group remains cash generative with relatively low borrowings and is well positioned to take advantage of growth opportunities,'' the statement concludes.
