UK Media group Emap today confirmed reports that it is considering a sale of its radio stations in Ireland as it revealed full-year underlying revenue would be down 2 percent with difficult conditions to continue. Despite the tough outlook, the group said trading was in line with expectations, as a good performance from the business-to-business unit offset weakness in consumer media.The group, which owns magazines FHM and Grazia and radio stations Magic and Kiss, said it was considering options for its stations in the Republic of Ireland which include Today FM, FM 104 and Highland, including a possible sale. On a call with analysts, Chief Executive Tom Moloney said they were not considering a review of its UK stations.
(Source: Media Network Weblog / Reuters)