Cox Radio Q1 Revenues Off, Net Income Rises
May 3, 2006 at 6:07 AM (PT)
COX RADIO net revenues fell 1% to $97.606 for first quarter 2006, with net income rising 1.6% to $13.983 million (per diluted share flat at 14 cents) and free cash flow up 3.7% to $19.108 million.
Local revenues fell 3.1% and national rose 3.3%. ORLANDO, MIAMI, TAMPA, HONOLULU, and GREENVILLE were credited with "solid growth" while ATLANTA, JACKSONVILLE, LONG ISLAND, BIRMINGHAM, RICHMOND, DAYTON, and LOUISVILLE showed declines.