Northern Irish broadcaster Ulster TV (UTV) has admitted that it is considering selling some of its independent UK radio stations.
The announcement helped surge the firm’s shares seven per cent from 170 pence on Thursday 8 January to 184 pence on Friday.
A UTV statement said: “The directors of UTV continue to manage the overall group in the best interest of its shareholders and confirm that UTV is currently assessing the options for its UK independent local radio stations which may or may not lead to the disposal of some or all of these stations.
“UTV has an established portfolio of successful and profitable radio stations and is one of the largest radio operators in the UK.”
The firm acknowledged that it would not be parting ways with TalkSport, Sport Magazine, TalkSport International or any of its Irish radio stations.
UTV local radio stations attract 1.2 million listeners on a weekly basis.