REVIEW: Shares in Chrysalis drop by 13 per cent

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.



Topics