In a new SEC filing, Dial Global reported its fiscal results for the second quarter of 2012. Thanks to the inclusion of former Westwood One operations, revenue in Q2 more than doubled, reaching almost $54.7 million compared to $21.3 million a year ago. However, Dial Global's costs grew by 250 percent, increasing the company's net loss to just under $15.15 million. On a pro forma basis, revenue in Q2 actually was down from $61.4 million in Q2 2011.
Dial Global inferred in its SEC filing that the controversy and boycott surrounding Rush Limbaugh earlier this year "significantly impacted" its Q2 business. Even though Limbaugh isn't syndicated by Dial Global, ads on News/Talk stations running DG programming were still pulled and affected by the boycott.
In related news, Dial Global has promoted five executives in its Sales division. Max Krasny, EVP of Programming, takes on a new title and added responsibilities as EVP of Business Development Strategies. Brandon Berman, Director of Sports Sales and Marketing, is being upped to VP of Sports Sales. National Account Managers GraceCarrick, Jeff McCarthy and Alexis Stoltze are all being promoted to VP of Sales.