By Daniel Hunter

Peel Media, the company which owns MediaCityUK, has seen a rise in revenue but is still making a loss.

Revenues from tenants rent at MediaCityUK in Salford were up 23% to £21.5m, with losses remaining steady at £4.1m.

The site was developed alongside the BBC as a new home for the BBC in the north and the University of Salford's media department.

Peel Media made an operating profit of £15.2m, down on last year's £20.8m. But charges totalling more than £19m pushed it into a loss.

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