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UTV Media sees FY loss from new Irish television operations

Reuters - UK Focus

March 18(Reuters) - Northern Irish broadcaster UTV Media Plc (LSE: UTV.L - news) said it expects a full-year loss of about 6 million pounds ($8.85 million) from its newest television channel - UTV Ireland (Other OTC: IRLD - news) , hurt in part by delayed negotiations with advertisers and slower than expected audience build.

The company said first-quarter revenue at its talkSPORT radio station, which owns exclusive rights to broadcast 380 Barclay's Premier League football matches outside of UK and Republic of Ireland until 2019, would fall 2 percent.

First (Shanghai: 603806.SS - news) -quarter airtime revenue from UTV's largest division, Radio GB, is expected to rise 4 percent, the company said. ($1 = 0.6776 pounds) (Reporting by Noor Zainab Hussain in Bangalore; Editing by Anupama Dwivedi)