Grupo Radio Centro Q3 Revenues Fall
October 27, 2009 at 4:17 AM (PT)
GRUPO RADIO CENTRO third-quarter broadcasting revenue fell 5.3% to Ps. 191,215,000, mainly attributable to lower advertising revenues in MEXICO, partially offset by revenue from the company's Spanish AC KXOS (EXITOS 93.9)/LOS ANGELES.
The lower revenues and increased expenses led the company to a net loss of Ps. 7,219,000, compared to net income of Ps. 42,822,000 in the third quarter of 2008.