LBI Media Increases Revenues For 2010 And Q4

Revs Up

LBI MEDIA has reported its financial results for the fourth quarter and year ended DECEMBER 31st, 2010

For the three months ended DECEMBER 31st, 2010, net revenues increased by $4.8 million, or 19%, to $30.7 million, from $25.9 million for the same period in 2009. Net revenues for the 12 months ended DECEMBER 31st, 2010 increased by $12.8 million, or 13%, to $115.7 million, from $102.9 million for the same period in 2009.

Commenting on the company's earnings results, CEO/Pres. LENARD LIBERMAN said, "We are pleased to confirm our fourth quarter and full-year 2010 results, as we previously announced last month. Our owned-and-operated radio and television stations also continue to perform well and rank among the top Hispanic stations in their respective markets. Both our owned-and-operated radio and television stations showed revenue growth in the fourth quarter of 2010. With a strengthening economy and the anticipated growth in the U.S. Hispanic population, we believe that our underlying business units have strong growth prospects."

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