The Week: City news - Revenue rise heartens UTV

UTV said it was "cautiously optimistic" about the advertising market this year, as it revealed a 2 per cent rise in 2007 revenue to £115.6 million.

The Irish media group, which owns radio stations including talkSPORT and the Pulse network, increased its ad revenue by 6 per cent last year and posted a 30 per cent increase in operating profit at its new media division, with a rise in radio pre-tax profits of 21 per cent.