The Week: City News - UTV posts pre-tax profit fall

UTV, the owner of TalkSport, Sport magazine and the ITV Northern Ireland franchise, posted a pre-tax profit of £11 million in the first half of 2009, down from £15.4 million for the same period last year.

The company's TV division saw a 23 per cent decline in revenue, to £14 million, while its radio operations saw revenue fall by £2.1 million to 33.1 million.