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Ulster T.V. PLC (UTV)

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Friday 01 June, 2001

Ulster T.V. PLC

AGM Statement

Ulster Television PLC
1 June 2001

                                AGM STATEMENT



'At the Annual General Meeting of Ulster Television plc ('UTV'), held today at
midday, the Chairman, Mr John McGuckian, made the following statement to
shareholders:


At our meeting last year I said that we were focussing our energies on
building the broader enterprise envisaged within our strategic review. I am
happy to be able to tell shareholders today that the first building blocks of
that broader enterprise have now been put in place with the successful launch
of UTV Internet and the acquisition of 60% of County Media. Additionally, our
20% shareholding in Channel Three News Ltd, whose application for nominated
news provider status was recently approved by the ITC, has the potential to
generate further profit streams from 2003 if we are successful in the
submission of our proposals to ITV for the supply of their national and
international news programming.


The acquisition of 60% of County Media was completed on 12 April and audited
accounts for the year ended 31 December 2000 show operating profits before
goodwill of £IR 2.3 million (1999 : £IR 1.9 million) on turnover of £IR 6.4
million (1999 : £IR 5.4 million). Strong growth in radio advertising revenue
has been maintained into the early months of 2001 and, despite the downturn in
advertising revenue being experienced elsewhere, prospects for improved
profitability in County Media are good.


UTV Internet has built a substantial customer base across Ireland since its
launch in June last year and we will use our presence in television, and now
in radio, to further promote our Internet offerings. Reciprocal arrangements
will continue to provide support to our on-air activities, the most recent
example of this being the provision of information on our web-site supporting
our recently launched and innovative on-air recruitment advertising. UTV
Internet is on course to achieve our stated objective of moving into
profitability in the second half of the year.




In the Annual Report, I referred to the sluggish performance of ITV
advertising revenue in the early part of 2001. ITV advertising revenue has
experienced further under-performance in subsequent months and market
expectations are that ITV revenues will be down by 15% in the first six months
of the calendar year with some modest growth anticipated in the second half.
Despite positive market conditions in Ireland and a strong ratings
performance, we are not immune to a reduction in national advertising budgets
on ITV and, hence, we expect there will be a decrease in our advertising
revenue in the first half. Nevertheless, the scale of this decrease, an
estimated 6% in the six months to the end of June, will be considerably less
than the ITV average and will leave us well placed to take advantage of any
upturn in the second half. Our share of the ITV advertising market, therefore,
is expected to be a record 2.10% (2000 : 1.91%) in the six months ended 30
June 2001.


So, at the formal conclusion of a successful year which recorded a 13%
increase in group profits and the achievement of key strategic milestones on
the road to a more broadly based media business, I am pleased to report that
your company is in good shape and ready to make further progress in developing
new initiatives.'


Enquiries:
Orla McKibbin                                                     1st June 2001

Head of Press and PR

UTV plc

Telephone: 02890 262188

Bobby Leach

Weber Shandwick Worldwide

Telephone: +44 207 329 0096