In a trading statement ahead of its first-half results due on May 16, the UK's biggest commercial radio operator said that it expects second-quarter radio revenues for the January-March period to be down 5% year on year.
The company said the 7% fall for the six months ending March 31 is in line with expectations.
A statement from the company said: "There has been no material change in conditions since our last trading update in January 2002.
"We remain cautious regarding current advertising demand and we continue to manage the cost base on the assumption that the advertising market remains under pressure for the rest of our financial year."
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