Emap has seen its share price lose almost a third of its value in last two years after the company overpaid for US publishing group Petersen. It sold it at a huge loss last year to Primedia.
This morning, Emap's shares were down 15p or 1.95% to 753.5p from a high of 1,221p two years ago, as media shares fell across the board.
Speaking today at the company's AGM, Broadbent told shareholders that the company was back on track, helped by a strong performance by its consumer titles in particular Heat, its celebrity gossip magazine.
He said: "In the UK, consumer magazine advertising continues to be resilient and we are enjoying good underlying growth. Circulation revenues are running well ahead of the same period last year, with Heat now regularly selling 500,000 copies a week and some strong performances across the rest of the portfolio as well."
The company's radio operations, which include Kiss FM and Magic FM, are beginning to show some signs of recovery, while its cable and satellite TV channels such as Smash Hits TV and Kerrang! TV, showed significant growth.
Broadbent said: "Our radio airtime sales remain down across the first quarter but we have seen a marginal improvement in the year-on-year performance. Television revenues from our six digital music channels continue to grow at a significant pace."
The company said that recruitment advertising at its business publishing division, which publishes titles such as Drapers Record and Retail Week was down, despite an upturn in the first quarter. However, this decline was offset by an improved performance in display advertising and strong forward bookings and rebookings for its trade exhibitions business.
Overall, Broadbent was optimistic about the company's prospects for the year ahead. He said: "Emap's core businesses proved their resilience over the last year and continue to make good progress. We therefore look to deliver what is expected of us in the coming year."
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