Colonial Reports Revenues Rise 5.7% In Q4
January 5, 2016 at 3:29 AM (PT)
COLONIAL MEDIA AND ENTERTAINMENT, with eight FM signals along the NEW YORK/PENNSYLVANIA border, is reporting its third consecutive quarter of revenue growth with a 5.7% boost in revenue for the fourth quarter of 2015 and a total growth of 3.9% for the year.
Chairman/CEO JEFF ANDRULONIS is growing the Company into the PITTSBURGH market for 2016.
The Company began operating WAVL-A under a Time Brokerage Agreement on DECEMBER 30th. An Asset Purchase Agreement is being finalized with a closing anticipated for Q2 2016.