Japan economy 'not worse than expected'

Revenue rose 2 per cent to $74.5 million ($A65 million) with television and radio revenue combined up $1.7 million ($A1.5 million).

Chief executive Brent Impey said that following the positive start "we are cautiously optimistic about the remainder of the financial year".

"Analysis of forward advertising bookings to the end of March, across both radio and television, indicated that optimism was appropriate from a revenue perspective," he said.

CanWest MediaWorks chairman Tom Strike said the group, which has extensive radio networks, had had an excellent start to the new financial year.

He said the advertising market had recovered from a somewhat challenging winter.

Mr Strike said the rise in television revenue was due to a combination of strong audience levels for television, and a general improvement in economic confidence.

Mr Impey said TV3's prime time performance had experienced record audience shares in October and November.

"We have not only been winning share in TV3's target demographic, but we have also been winning our competitors' target demographics."

He said 3 News averaged a 40 per cent share of its target demographic of 18 to 49 year-olds, compared with 28 per cent watching TVNZ's One News.