Shares in Chrysalis dropped by 13 per cent after it announced plans
for a £9.6 million write-off of its internet investments.
Chrysalis stock closed at a 12-month low of 175p, down 25p. It also said
it was seeking partners for Rivals, a sports internet site, and that no
further cash would be devoted to online investments. Chrysalis, the
owner of Heart FM, said radio revenues for the past fiscal year would be
up 17 per cent to £43.4 million and that audience levels have
risen by 13 per cent. - General release.