News: UTV Media Plc (UTV.L)

UTV.L on London Stock Exchange

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Wed, Nov 18 2009

UTV Media sees 2009 oper profit in line with market view

(Reuters) - Northern Irish broadcaster UTV Media said it expects 2009 operating profits to be broadly in line with market estimates, helped by cost cuts, but continues to be cautious about trading in 2010.

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UPDATE 1-UTV Media sees 2009 oper profit in line with mkt view

Nov 18 (Reuters) - Northern Irish broadcaster UTV Media said it expects 2009 operating profits to be broadly in line with market estimates, helped by cost cuts, but continues to be cautious about trading in 2010.

Watchdog recommends liberalising media ownership

LONDON (Reuters) - The communications regulator recommended relaxing rules on ownership of local media to help commercial providers of regional news struggling to survive a slump in advertising.

UPDATE 1-UK watchdog recommends liberalising media ownership

LONDON, Nov 17 (Reuters) - Britain's communications regulator recommended relaxing rules on ownership of local media to help commercial providers of regional news struggling to survive a slump in advertising.

Regional news needs new funding

LONDON (Reuters) - New funding is needed to provide regional news on Britain's main commercial TV network because the cost of paying for broadcasting licences will outweigh the benefits by 2012, the media regulator said on Tuesday.

UPDATE 2-UK regional news needs new funding -Ofcom

* Ofcom says licences could be in deficit up to 64 mln stg

STOCKS NEWS EUROPE-UK small caps slip 0.1 pct midday

The FTSE Small Cap index slips 0.1 percent at midday, reversing opening gains and tracking a turnaround by the FTSE 100 index which falls 0.7 percent, and the FTSE 250 index which is flat.

STOCKS NEWS EUROPE-UTV Media rises on Investec upgrade

Shares in UTV Media jump 17.2 percent as Investec ups its rating to "buy" from "hold" and ramps its target price up to 100 pence from 60 pence, citing the company's valuation, which it says has lagged its European peers.

STV and UTV see ad decline slowing

LONDON (Reuters) - Regional broadcasters STV and UTV said on Thursday they expected the rate of advertising revenue decline to slow, partly due to easier comparatives.

UPDATE 1-UK broadcasters STV and UTV see ad decline slowing

(Adds details on results, background, analyst comment)

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