GRC Q2 Revenues Rise, Income Turns To Loss
July 22, 2009 at 4:47 AM (PT)
GRUPO RADIO CENTRO second-quarter broadcasting revenue rose 2.52% to Ps. 177,990,000, mainly attributable to ad sales increases at the company's MEXICO operations and the addition of KXOS (EXITOS 98.9)/LOS ANGELES, which it operates under an LMA with EMMIS.
Increased expenses led the company to fall from net income of Ps. 25,440,000 in second quarter 2008 to a net loss of Ps. 28,287,000 in second quarter 2009.