Chrysalis pre-tax profits up

Radio, music, TV divisions grew, publishing down

LONDON — U.K. media group Chrysalis, which has interests in TV production, radio, music and publishing, reported a sharp rise in pre-tax profits to £9 million ($14 million) from $936,000 in the six months to Feb. 28, thanks to its radio business.

Chrysalis Radio continues to outperform the commercial radio sector by upping auds across many of its stations. Revenues rose 10.3% year-on-year to $196 million, helped by a 19.8% increase in revenues from radio stations including Heart in London and nationwide Galaxy, according to interim financial results published Tuesday.

Music division revenue grew by 15.6% to $62.4 and operating profit before tax climbed 21.8% to $2.7 million.

Chrysalis’ TV business saw pre-tax profits increase from $1.9 million to $4.4 million on revenue of $64 million while TV operating margins more than doubled from 3% to 6.9%, comparing favorably to the industry standard.

Chrysalis, which began life in the 1960s as a record label, is negotiating the sale of its television production unit to a group of investors that include former Granada chief executive Steve Morrison.

The book division didn’t do so well, with a pre-tax loss of $780,000 after a small profit of $2.2 million a year earlier. There is speculation that the group may sell off its nonfiction book division, though chief exec Richard Huntingford has denied this.

More TV

  • Andrew Lincoln as Rick Grimes - The

    ‘Walking Dead’ Star Andrew Lincoln Confirms Series Exit at Comic-Con

    LONDON — U.K. media group Chrysalis, which has interests in TV production, radio, music and publishing, reported a sharp rise in pre-tax profits to £9 million ($14 million) from $936,000 in the six months to Feb. 28, thanks to its radio business. Chrysalis Radio continues to outperform the commercial radio sector by upping auds across […]

  • Walking Dead Season 8 finale

    'Walking Dead' Unveils Season 9 Trailer, Premiere Date at Comic-Con

    LONDON — U.K. media group Chrysalis, which has interests in TV production, radio, music and publishing, reported a sharp rise in pre-tax profits to £9 million ($14 million) from $936,000 in the six months to Feb. 28, thanks to its radio business. Chrysalis Radio continues to outperform the commercial radio sector by upping auds across […]

  • Kimberly Guilfoyle

    Fox News Confirms Kimberly Guilfoyle Has Left the Network

    LONDON — U.K. media group Chrysalis, which has interests in TV production, radio, music and publishing, reported a sharp rise in pre-tax profits to £9 million ($14 million) from $936,000 in the six months to Feb. 28, thanks to its radio business. Chrysalis Radio continues to outperform the commercial radio sector by upping auds across […]

  • Fear the Walking Dead Trailer

    'Fear the Walking Dead': Survivors Battle Zombies and the Weather in New Trailer

    LONDON — U.K. media group Chrysalis, which has interests in TV production, radio, music and publishing, reported a sharp rise in pre-tax profits to £9 million ($14 million) from $936,000 in the six months to Feb. 28, thanks to its radio business. Chrysalis Radio continues to outperform the commercial radio sector by upping auds across […]

  • Glow Netflix Cosutmes

    'GLOW' Costume Designers on Revisiting the Flashy, Colorful '80s

    LONDON — U.K. media group Chrysalis, which has interests in TV production, radio, music and publishing, reported a sharp rise in pre-tax profits to £9 million ($14 million) from $936,000 in the six months to Feb. 28, thanks to its radio business. Chrysalis Radio continues to outperform the commercial radio sector by upping auds across […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    LONDON — U.K. media group Chrysalis, which has interests in TV production, radio, music and publishing, reported a sharp rise in pre-tax profits to £9 million ($14 million) from $936,000 in the six months to Feb. 28, thanks to its radio business. Chrysalis Radio continues to outperform the commercial radio sector by upping auds across […]

  • Michelle Robert King Remote Controlled Podcast

    Listen: 'Good Fight' Creators Michelle and Robert King on How Trump 'Infected' the Show

    LONDON — U.K. media group Chrysalis, which has interests in TV production, radio, music and publishing, reported a sharp rise in pre-tax profits to £9 million ($14 million) from $936,000 in the six months to Feb. 28, thanks to its radio business. Chrysalis Radio continues to outperform the commercial radio sector by upping auds across […]

More From Our Brands

Access exclusive content