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| Financial Highlights: |
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Group turnover up 6% to £120.3m (2007: £113.8m) |
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Pre-tax profits before exceptional items of £20.3m (2007: £20.8m) |
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Group operating profit, including associates, is £28.1m (2007: £28.1m) |
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Radio operating profit, including income from associates, up 12% to £18.5m (2007: £16.6m) accounting for 66% of total |
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Television operating profits down 24% to £7.7m (2007: £10.1m) |
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New Media operating profits up by 44% to £2.0m (2007: £1.4m) |
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Anticipated cost savings of £5m in 2009 |
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Exceptional costs before tax of £4.5m (2007: £1.0m) |
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Final dividend of 2.00p (2007: 8.30p) resulting in a full year dividend of 5.30p (2007: 13.50p) |
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Raised a net £47.5m in a 2 for 3 rights issue |
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New banking facilities totalling £95m and €50m in place through to July 2013 |
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