LBI Radio Revenue Up 11% In Q4
March 30, 2007 at 2:25 PM (PT)
LBI MEDIA's fourth-quarter radio division net revenues increased 11%, from $12.4 million to to $13.8 million, thanks to revenue growth at the DALLAS stations purchased from ENTRAVISION in NOVEMBER 2006. The company's overall Q4 net loss improved from $1.8 million to $1.3 million.
For the full year, radio division net revenues were up 3%, from $49.9 million to $51.4 million, also thanks to DALLAS, as well as increases in HOUSTON. Overall, 2006 net income grew from $6.9 million to $11 million.
EVP LENARD LIBERMAN said, "2006 was a great year for our company. We have begun to see better revenue growth in our radio division, and we are very optimistic about radio in 2007. The addition of stations in DALLAS is particularly exciting given our success in that market over the years."