Amidst falling newspaper revenue, Vision Group bets on radio and television

Last week, Vision Group, released its results for the 6 months leading to December 2022, reporting that overall turnover declined by 25.80%⏤ from UGX61.1 billion in the 6 months to December 2021 to UGX45.4 billion. This, they attributed to reduced publishing orders that led to a 77.71% reduction in publishing revenue, as well as a 12.5% reduction in print circulation revenue and a 3.15% reduction in overall advertising revenue. The Group said that radio advertising, fell the biggest⏤ by 23.2%, while television advertising and print advertising declined by 4.53% and 2.86% respectively from the same period last year.  However, commercial…