LBI Media Radio Revenues Fall In Third Quarter

Revs Down

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.

« see more Net News