Q3 Radio Revenue Roundup
November 5, 2012

Univision's third quarter overall revenue reached $628.9 million, a 7.6 percent increase over Q3 2011. However, earnings fell to $5.2 million from $290 million a year ago, due to a one-time tax benefit and other one-time charges. Univision Radio saw its revenue increase to $90.7 million from $87.7 million a year earlier.

Beasley Broadcasting has reported its Q3 financial results for 2012, with net revenue up 3.1 percent to $24.7 million. Operating income grew by 15.2 percent to $6.5 million. The $0.7 million rise in net revenue during quarter primarily reflects the acquisition of KOAS/Las Vegas which was acquired in Q3 and strength in the company's Las Vegas, Coastal Carolina and Augusta market clusters.
     Commenting on the results, Chairman/CEO George G. Beasley said, "The third quarter was an active and productive period for Beasley Broadcast Group. In addition to generating a 3.1 percent rise in net revenue which drove another period of SOI growth, we completed the strategic acquisition of KOAS-FM in Las Vegas and refinanced our senior secured credit facilities with terms that provide extended maturities and additional flexibility including the ability to return capital to shareholders. Our third quarter revenue growth principally reflects strength in our Las Vegas, Coastal Carolina, and Augusta market clusters, the cyclical benefit of political advertising and very strong year over year growth in the automotive advertising category."

Entercom Communications has announced its Q3 fiscal report, with net revenue up by two percent to $102.3 million. Station expenses fell by nine percent to $63.6 million, while station operating income grew by 25 percent to $38.7 million. David J. Field, Entercom President/CEO stated, "I am pleased to report that Entercom posted strong growth in Station Operating Income and EBITDA during the third quarter. Our focus on business model reinvention continued to reflect favorably on our operating expenses, which also benefited from the recent industry-wide settlement with BMI. The brands we reformatted in 2011 are now starting to contribute to growth and we made a number of operational moves during the quarter which will strengthen our competitive position and enhance our future growth prospects. Fourth quarter pacings look solid and we expect another quarter of solid growth in EBITDA."

Fisher Communications has reported its Q3 revenue results, with consolidated revenue up slightly to $39.9 million from $39.7 million in the third quarter last year. Net income was up to $2.2 million. The company's radio division saw its revenue dip from $5.34 million a year ago to $5.225 million in Q3 2012, a two percent decline.

Radio One has reported its third quarter results for 2012. Giving effect to the consolidation of TV One, net revenue was approximately $110 million, an increase of 5.4 percent from Q3 2011. Also giving effect to the consolidation of TV One, station operating income was approximately $40.9 million, an increase of 14.2 percent. The company reported operating income of approximately $21.5 million, compared to operating income of approximately $13.1 million for Q3 in 2011. Net loss was approximately $13.1 million in Q3 '12 compared to a net loss of $9.9 million last year.
     CEO/President
Alfred C. Liggins, III stated, "Our core radio revenues continue to outperform the markets in which we operate, in Q3 by 500Bps. Political revenue was just over $2 million in the quarter, the highest level in Q3 in company history, and ramped-up strongly in October, helping to push our fourth quarter radio pacings to approximately +13 percent. TV One revenues grew by 12.5 percent and EBITDA by 32.1%. A solid upfront cycle saw both volume and CPM's grow by mid-single digits. During the third quarter we successfully launched two strong new TV series: R&B Divas and the Rickey Smiley Show; cross promotion across the radio and digital platform helped both shows perform strongly, debuting with household ratings of 1.09HH and 1.29HH, respectively. I believe we can build on that success to grow our cash flows in Q4 and 2013."




 
Breaking News
Townsquare Media, Inc. Announces Pricing of Initial Public Offering
July 23, 2014
Taylor Swift, Coldplay & More To Headline 2014 iHeartRadio Music Festival
CC Media Holdings Reports 1% Revenue Increase In Q2
CBS LOCAL Personalizes Event Discovery, Content Delivery With Agreement To Acquire Eventful
Jacobs Media's 6th Annual Public Radio Tech Survey Released
In Brief - July 23, 2014
FMQB FYI... Links You Should Know About
July 22, 2014
Clear Channel's iHeartRadio Partners With AdsWizz
Nielsen, Pointlogic Forge Strategic Alliance To Develop Next-Gen Media Planning Solutions
Pandora Hires Lars Murray As VP Of Industry Relations
In Brief - July 22, 2014
July 21, 2014
Evolve Music Group Signs Worldwide Agreement With Capitol Music Group
Second Annual KBA WKU Radio Talent Institute Underway
2014 Conclave Learning Conference Dates Announced
In Brief - July 21, 2014
July 18, 2014
Hubbard Radio Elevates Drew Horowitz To President/COO
The Week In Review: 7/14-7/18
CCM+E Names Jeff Davis OM For Greenville & Asheville Markets
Tony Cortez Upped to APD At KTFM/San Antonio
In Brief - July 18, 2014
July 17, 2014
Report: Driving Radio's Value With U.S. Auto Buyers
In Brief - July 17, 2014
July 16, 2014
Study: Coleman Insights And knowDigital Find Opportunity For NextRadio
In Brief - July 16, 2014
Music News
"Weird Al" Yankovic Lands First #1 Album Of His Career
Quick Hits: Hilary Duff, Pharrell & Miley Cyrus, Jack White, Ryan Adams, Mudvayne / Greg Tribbett
Godsmack Unleashes Epic "Generation Day"
Quick Hits: MAGIC!, One Direction, Kimbra, Uncle Kracker, Billy Joel
Weezer Goes "Back To The Shack"
Quick Hits: Avicii, iTunes Festival, Adam Levine, The Script, Demi Lovato, Johnny Marr
Upcoming Maroon 5 Album Features Gwen Stefani Duet
The Week In Review: 7/14-7/18
Quick Hits: Beyonce, Teen Choice Awards, Aaliyah, The Roots
Beyoncé Leads 2014 MTV Video Music Awards
Quick Hits: Bruno Mars, Kanye West & Iggy Azalea, Busta Rhymes, The Smashing Pumpkins, Pearl Jam, Johnny Winter
Sia's 1000 Forms Of Fear Is #1
Quick Hits: The Beatles, Tool, Jason Mraz, David Bowie
Train Announces Bulletproof Picasso
Quick Hits: Drake, Blink-182, Pharrell Williams, Gwen Stefani & Gavin Rossdale, Gerard Way, Cold War Kids, Alex & Sierra, Polaris Music Prize
FMQB NOW

Chase Murphy, PD
KXXM, KQXT/San Antonio

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!