7DIG.L Regulatory News (7DIG)

22 Oct 2007 07:01

UBC Media Group PLC22 October 2007 Trading Update UBC Media Group plc ("UBC" or "the company") 22nd October 2007 UBC Media Group plc (UBC.L), the digital radio specialist, has today issued thefollowing Trading Update ahead of the announcement of its interim results forthe six months to 30 September 2007. UBC has made a positive start to the new financial year with the core divisionscontinuing to perform strongly, creating cash flow for investment in the launchof the company's world leading CliqTM radio downloading business, which is ontrack. Turnover for the period is expected to be up by 9% on the same period last year,boosted by a recovery in radio advertising. Revenues at the company'sCommercial Division, which provides advertiser funded network programmes tocommercial radio, is expected to be up 13% on the same period last year, aheadof the current commercial radio industry average. The company's content businesses, providing commissioned programming to theradio industry have also enjoyed a good half year with turnover expected to be17% higher than the same period last year and a considerable slate of newcommissions. UBC continues to have strong cash balances, boosted by the proceeds of £3.95mfrom the sale of the Classic Gold Digital network to GCap within the period. The full consumer launch of CliqTM - UBC's innovative service allowing listenersto purchase music 'live' from their favourite radio stations, will co-incidewith the company's full Interim results announcement which will be on Tuesday4th December 2007. CliqTM is designed to take advantage of next generation digital radios, whichwill also be broadband Internet devices. These will feature a 'buy' button andenable listeners to purchase songs with a single click from live radio stations.However, to speed short term adoption, the service will launch as a 'Java'application, available to 85% of current mobile handsets, meaning that radiolisteners can use their mobile phones to instantly identify and purchase musicthat they hear on the radio. ENDS Enquiries Simon Cole, C.E.O. UBC Media Group plc: Tel: 020 7453 1600 Diane Barnes, Verity Williams, Portland for UBC: Tel: 020 7404 5344 Notes to Editors About UBC Media Group UBC is quoted on the London Stock Exchange's AIM market. The Group is the marketleader in the supply of audio content and broadcast data software to the radioindustry in the UK. In addition to the entertainment, traffic & travel andnational news services provided to commercial radio, the Group is the largestindependent producer of radio programming for the BBC and the UK's leadingsupplier of digital radio scrolling text and EPG software. It is also part ofthe MXR Regional Multiplex consortium and the 4Digital National Multiplexconsortium. UBC has developed, and will launch later this year, an innovativeservice called Cliq which will allow radio listeners to buy songs as they hearthem on radio stations. www.ubcmedia.com This information is provided by RNS The company news service from the London Stock Exchange