LBI Media Q2 Radio Revenues Slip
August 15, 2006 at 7:15 AM (PT)
LBI MEDIA second quarter net revenues rose 10.9% to $29.3 million, attributed to HOUSTON radio and LOS ANGELES and TEXAS TV results offset by weaker performance at the company's LOS ANGELES radio cluster. Net income fell 7.8% to $5.9 million due mostly to an impairment charge to a broadcast license and higher programming, selling and general and administrative expenses.
Radio division net revenues were down 1.3% to $14 million.