Global Radio posts £27.7m pre-tax loss

Global Radio has posted a pre-tax loss of £27.7m for the year to the end of March, blaming a big payout to investors. Underlying profits grew by 12.5% to £56.6m.

According to The Guardian, the Capital FM, XFM and Heart owner reported a 5.2% year-on-year increase in total revenues to £209.4m.

The pre-tax loss was down from the £32.7m deficit posted in its last FY, with a £63.2m charge classified as "interest payable and similar charges".

The firm has ...

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