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BUZZ-UTV Media: signals Ireland TV channel woes

Reuters - UK Focus

** Northern Irish broadcaster UTV Media (LSE: UTV.L - news) fell as much as 9 pct, breaching its 52-week low of 166.99p

** UTV Media sees a FY loss of about 6 million pounds from its newest television channel - UTV Ireland, higher than what it anticipated earlier

** The company said loss was due to the delayed negotiations with advertisers and slower than expected audience build

** Numis Securities analysts have lowered UTV's 2015 PBT/EPS forecasts to £12.8m/10.8p citing higher loss at UTV Ireland and adverse FX movement

** UTV Ireland said in August that it expected an operating loss of 2.0 mln to 3.0 mln stg for FY (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net; RM: noor.hussain.thomsonreuters.com@reuters.net)