Grupo Radio Centro Q1 Revenue, Profit Up
April 24, 2012 at 4:07 AM (PT)
GRUPO RADIO CENTRO first-quarter 2012 revenue jumped 28% to Ps. 241,712,000, mainly attributable to higher ad sales at the company's Mexican stations. Operating income rose from Ps. 8,721,000 to Ps. 51,821,000, and profit jumped from a loss of Ps. 17,296,000 to a gain of Ps. 29,299,000.
GRC owns 15 stations in MEXICO and operates Spanish Hits KXOS (EXITOS 93.9)/LOS ANGELES under an LMA with an option to buy from EMMIS. The company did not break out numbers for KXOS' performance.