TIDMUTV 
 
UTV Media plc - Interim Management Statement 
 
This Interim Management Statement covers the period from the beginning of the 
Group's current financial year, 1 January 2015 to the date of this announcement 
and incorporates the Group's three month trading period ended 31 March 2015. 
 
3 months to end March            2015            2014          % Change 
 
                                  GBPm              GBPm 
 
Group Revenue                   29,711          27,878            7% 
 
Radio GB                        13,276          13,275            0% 
 
Radio Ireland                    4,653           5,154           (10)% 
 
Television                      11,782           9,448            25% 
 
Radio GB 
 
Radio GB revenues were unchanged in the three months to March. talkSPORT's 
revenue, including talkSPORT International and Sport Magazine, was down 1% due 
to the strong comparison from the World Cup build-up in 2014. The national 
radio market was up 5%. In comparison to the same three month period in 2013, 
talkSPORT revenues were up by 14%. Revenues from our Local Radio business were 
up by 2% and within this our airtime revenue was up by 5%. This compared to a 
local market growth of 4%. 
 
In Q2, again against particularly strong comparatives, we anticipate Radio GB 
revenues will decrease by 16%, with talkSPORT down by 25% and local radio 
station revenues flat, in line with expectations. 
 
Radio Ireland 
 
Radio Ireland revenues were unchanged in the three months to March on a 
constant currency basis and down 10% including exchange movement. This 
performance was in line with our forecasts, with Q1 in 2014 particularly 
strong. We believe the Q1 performance is in line with the Irish commercial 
radio market. 
 
In Q2 we anticipate Radio Ireland revenues will be up 1% on a constant currency 
basis and down 10% including exchange movement, in line with expectations in 
local currency. 
 
Television 
 
Television revenues grew by 25% in the three months to March. Excluding Tibus 
and Simply Zesty, which grew by a combined 10%, our core Television business 
grew by 27%. This growth was mainly generated by our Dublin based start-up 
station, UTV Ireland in its first three months. Revenue from our Northern 
Ireland Television operations (UTVNI) was unchanged compared to the same period 
last year, with Net Advertising Revenue (NAR) growth in our London sales office 
of 7% and in our Dublin sales office of 8% being offset by the impact of 
reduced local government advertising spend in our Belfast office. 
 
In Q2 we anticipate Television revenues will increase by 37%, with core 
Television growing by 42%, again due to the inclusion of UTV Ireland. UTVNI NAR 
is expected to be down by 4% in this period with London down 1% and the Irish 
offices down 13%. Tibus and Simply Zesty combined are anticipated to grow by 
9%. 
 
Outlook 
 
Radio GB is operating to plan with price increases successfully implemented in 
talkSPORT largely eliminating the traditional fall back in profitability in a 
post major football competition year. The successful bid for the D2 DAB 
multiplex licence offers a strong growth opportunity in 2017 after the 
anticipated profit uplift from the Euros in 2016. Our Local Radio assets 
continue to perform well and are outperforming the market. The strategic review 
of these assets is ongoing. 
 
We remain positive as to the full year performance of Radio Ireland in local 
currency. We have market leading positions and we will continue to benefit as 
the Irish economy continues to recover. 
 
In Television our UTVNI revenue is expected to trend in line with market growth 
for the London and Dublin sales offices but there remains uncertainty as to how 
long the local government expenditure cuts will reduce our Belfast office 
revenue. 
 
As previously advised, UTV Ireland has had a slower start to the year. It is 
still very early in the life of UTV Ireland and there is considerable 
volatility in its performance. Given that volatility we think it would be 
appropriate to reduce our revenue forecasts for 2015 by GBP2.5m. The strategic 
logic of UTV Ireland in creating leading Television operations throughout 
Ireland remains clear. 
 
The next scheduled announcement of financial information by UTV Media plc will 
be the release of our Interim Results (to 30 June 2015), which is scheduled for 
25 August 2015. 
 
Enquiries 
 
Orla McKibbin, Director of Communications +44 (0)28 9026 2188 / +44 (0)7879 666 427 
 
James Devas, Maitland +44 (0)20 7379 5151 
 
About UTV 
 
UTV Media plc is one of the most successful media companies in the UK and 
Ireland incorporating Radio and Television. UTV Radio GB operates the no. 1 
commercial national speech station - talkSPORT, 13 Independent Local Radio 
Stations (ILRs) and a number of digital radio multiplexes throughout GB. 
talkSPORT is Global Audio Partner of the Barclays Premier League through to 
2019 and also incorporates talkSPORT International and Sport magazine. UTV 
Radio Ireland is the largest operator of ILRs in Ireland. Television comprises 
UTV in Northern Ireland which is the Channel 3 licensee licence holder, UTV 
Ireland in the Republic of Ireland which commenced broadcasting on 1 January 
2015, Tibus, a specialist digital services business and Simply Zesty, a full 
service digital agency. 
 
Forward-looking Statements 
 
Figures presented in this interim management statement are not audited. This 
announcement contains certain forward-looking statements with regards to the 
financial condition and results of the operations of UTV Media plc. These 
statements and forecasts involve risk factors which are associated with, but 
are not exclusive to, the economic and business circumstances occurring from 
time to time in the countries and sectors in which the Group operates. These 
forward-looking statements are made only as at the date of this announcement. 
Nothing in this announcement should be construed as a profit forecast. Other 
than required by law, UTV Media plc undertakes no obligation to update the 
forward-looking statements. 
 
 
 
END 
 

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