SBS Q3 Revenues Boosted By SF Startup

SPANISH BROADCASTING SYSTEM third quarter net revenue rose 5% to $43 million, attributed to the launch of KRZZ (LA RAZA)/SAN FRANCISCO, which generated $1.3 million for the quarter, and increases in PUERTO RICO and NEW YORK. Income from Continuing Operations before Income Taxes and Discontinued Operations fell from $5.2 million to a loss of $22.4 million, mostly attributed to charges from early extuinguishment of debt.

Excluding the company's expenses for the startup of its MIAMI-KEY WEST television operation, SBS expects net revenue growth in the low-single-digit range.

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