CAP Clean Air

RNS Number:4460E
Capital Radio PLC
26 January 2000

                                                                              
  
                         2000 AGM  TRADING STATEMENT

At our preliminary results in November we reported that our new financial year
had started well, with buoyant advertising revenues.  We are pleased to report
that the market remains strong and, as expected, revenues across the group are
well ahead of last year.  Costs are running to budget and consequently
underlying margins in our radio business continue to improve.  The company's
prospects continue to be in line with expectations.

We have around 30% headroom under the rules governing analogue radio
ownership, and we will review acquisition opportunities as they arise.

Capital Radio is the leading group in digital radio and has secured 18 digital
licences to date, giving us a presence in most major metropolitan areas in the
UK.  We will continue to apply for further licences as they are advertised.
Our national digital radio station 'Life' will begin broadcasting at the end
of this month and our digital stations in London, Birmingham and Manchester
will launch in May.

Good progress has been made by our Internet business, Capital Interactive, in
the development of the UK's premier music site.  Expenditure is in line with
our business plan, and both CD sales and advertising revenues, although not
significant at this stage, are ahead of expectations.  The first features of
the new site will appear on line in late spring.



Enquiries:

Capital Radio plc
David Mansfield, Chief Executive                       0171-766-6288
Peter Harris, Finance Director                         0171-766-6257

Finsbury Ltd                                           0171-251-3801
Rupert Younger
James Leviton



END

TSTILFSILEIRFII

Clean Air (LSE:CAP)
Historical Stock Chart
From Jun 2024 to Jul 2024

Clean Air (LSE:CAP)
Historical Stock Chart
From Jul 2023 to Jul 2024