Manx Radio reports annual loss

Manx Radio has made a financial loss for the third year in a row.

Its annual report for 2017/18 highlighted the loss of almost £38,000.

However, it's an improvement on the previous year which saw the broadcaster £82,406 in the red.

The annual report also revealed station bosses have cut running costs by 5 per cent.

Manx Radio currently receives an £875,000 subvention from the Manx government, and the annual report will be laid before Tynwald later this month.