Summary
SHARES in Chrysalis, the music publishing-to-radio group, tumbled 6.4% yesterday, knocking (pounds) 19m off its market value, after warning of a weak radio advertising market in the first quarter of its new financial year.
The gloomier-than-expected outlook for the advertising market overshadowed an otherwise steady full-year performance, with underlying pre-tax profits rising 22% to (pounds) 7m.See the full content of this document
Extract
Chrysalis Held Back by Weak Radio Advertising Market
Chrysalis, which owns the Heart, Galaxy and LBC radio stations, said it had par...
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