LBI Media Radio Revenues Fall In Third Quarter
November 15, 2011 at 4:23 AM (PT)
LBI MEDIA third quarter revenues fell 0.8% overall to $30.4 million in third quarter, primarily attributed to a decline in radio ad sales. Radio revenue fell 8.2% to $15.1 million, with slips in DALLAS, HOUSTON, and LOS ANGELES partially offset by an increase in syndication revenue from the DON CHETO show. The company's net loss increased from $6.3 million to $6.7 million.
The company, which is not publicly traded, said that it expects 2011 full year revenues to decline for radio and increase for television.