Broadcaster UTV Media has today reported a 9% rise in revenue for the first nine months of the year, underpinned mainly by improving economic conditions in both Ireland and the UK.
The company, which held radio rights to the 2014 FIFA World Cup, reported revenue of £84.7m for the nine months ended September 30, compared with £77.4m a year earlier.
In an interim management statement, UTV Media said revenue growth eased in the fourth quarter to 3%.
Revenue from its radio operations in Ireland rose by 6% on a constant currency basis. in the nine month period. The company said it expects Irish radio revenues will ease by 1% in the fourth quarter.
Television revenues grew by 6% in the nine month period. Its London net advertising revenue (NAR) rose by 6% and its Irish office NAR increased by 4%.
UTV said that its main focus of activity continues to be the "strategically important" launch of its new television channel, UTV Ireland, in January 2015.
"Plans are well advanced on transmission and distribution infrastructure, key staff have been appointed, programmes commissioned and the Dublin studio is now ready," the company added.