Chrysalis Stock Hit by Warning

Summary


SHARES in music group Chrysalis fell more than 9 per cent yesterday after the owner of the Heart 106.2 FM radio station told investors there had been no let-up in the tough market for broadcast advertising and revenues at Chrysalis Radio had slumped over the past two months.

Chris Wright, the chairman, said the past 12 months of ad revenue declines had carried over into the new financial year, "with no sign of any recovery into the autumn".

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Chrysalis Stock Hit by Warning

he continued: "As a consequence, Chrysal...

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