Utv Media plc has said that it will unveil a new chairman “shortly”, after its annual general meeting (AGM) took place without a puff of white smoke.The company said it was still looking for a new chairperson after veteran John B McGuckian was removed in February over his links to Dublin investment company TVC Holdings, an 18% shareholder in UTV.A spokeswoman said his successor would be unveiled before non-executive directors are announced to replace construction firm owner Kevin Lagan and TVC executive chairman Shane Reihill, who stepped down after their ally was removed in the shock boardroom shake-up."We are conducting a very thorough process and it’s critical we appoint the right candidate."The process is progressing well and we hope to announce a permanent replacement shortly."Non-executive director Helen Kirkpatrick remains the company’s interim chairman.One analyst said that it was "surprising" that no directors had been announced."They have just a five-member board at the minute. That’s too small as three of them are executives … That may create corporate governance issues." An interim management statement from UTV, owners of the Channel 3 broadcasting licence in Northern Ireland and 21 radio stations in Great Britain and Ireland, said that revenue for the first four months of the year was up 2% on last year.Radio station talkSPORT revenue was up 16% on the same period last year while overall radio revenue for all of Great Britain was up 8%.But UTV warned that economic uncertainty had led to short-term airtime bookings. "We therefore remain cautious about the remainder of the year but believe we will continue to deliver on market expectations."