The Week: City News - UTV profits on the rise

UTV, the owner of talkSPORT, increased its operating profit by 4 per cent to £13 million in the six months to 30 June. Turnover remained steady at £57.2 million, and TV profits, which made up nearly half of overall profit, were the same as last year, at £5.6 million, although advertising revenues fell by 1 per cent.