In a trading update today UTV said like-for-like revenues were down 14%.
The difference was due to the extra earnings of two businesses it acquired last year, Republic of Ireland radio station FM104 and web development company Tibus.
The company said it was trading in line with expectations for the period and had achieved the operating profit it had budgeted for.
Its Radio GB division, which includes TalkSport and 15 local stations, recorded a 15% decline in revenue compared to UTV's estimate of an 18% drop in the wider market.
UTV predicts the rate of decline will slow to 9% in May and June "in line with somewhat improved market conditions".
The four months to April were bad for its Irish radio division, with like-for-like revenues down 17%.
However, the effect of the FM104 acquisition and the strength of the euro against the pound, the currency which UTV reports in, boosted actual revenues by 28%.
Its television division, which is focused on Ireland, suffered a 19% drop even allowing for the impact of the euro.
New media revenue grew by 2%, but would have been down 5% without the impact of the Tibus acquisition.
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