LBI Q3 Revs, Expenses Up
November 15, 2007 at 5:27 AM (PT)
LBI MEDIA HOLDINGS, INC. announced its financial results today for the three and nine months ended SEPTEMBER 30th, 2007. Net revenues increased by $1.4 million, or 5.0%, to $30.3 million, from $28.9 million for the same period in 2006. The increase was primarily attributable to increased advertising revenue from their LOS ANGELES and DALLAS radio markets. In DALLAS, this revenue growth was attributable to LBI's existing radio station and the five radio stations acquired in NOVEMBER 2006.
Operating expenses increased by $4.7 million, or 27.3%, to $21.9 million for the three months ended SEPTEMBER 30th, 2007, from $17.2 million for the same period in 2006.