The group's bullish outlook follows a "challenging" period in the UK radio advertising market for the first six months of its financial year; it expects its radio revenues for the period to decline 9% year-on-year.
However, Chrysalis said that trading conditions in the radio market were improving and it expected to meet its target of flat revenue for the full year.
Chrysalis said: "While the market remains volatile month to month, we are seeing signs of an improving trend. The second half has started positively, with March [radio] revenues expected to be up at least 2%."
The music business benefited from initial royalty receipts from artists who have experienced strong sales in the second half of 2006, including hit albums from Gnarls Barkley, The Raconteurs, and the Dixie Chicks.
Last month Chrysalis began a review of its strategic options and may sell its radio business, and said the review is making "good progress".
UTV, which owns TalkSport, said earlier this week it would consider buying Chrysalis.
The review came hot on the heels of Rajar results showing its Heart station had cemented its position as London's most popular commercial radio station, increasing its audience share ahead of rivals Magic and Capital.
_1.jpg)
.jpg)
