The company has made the surprise decision to halt the sale of outdoor business Primesight because it could not get a high enough price. It will sell the company at a later date when it is in a stronger position.
Recently appointed chief executive Rob Woodward is executing a turnaround plan for the company's television arm, with full details to be announced in June.
Virgin Radio will be listed by way of an Initial Public Offering.
The company has also posted preliminary results for the year ended 31 December 2006, with a revenue of £147.3 million, down 8% on 2005; an operating profit of £18.1 million, down 38% on 2005; and earnings per share of 3p, also down 38% on 2005.
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