Friday, May 24, 2013
Advertisement:
What is RSS/XML?
Subscribe to FMQB News.

Q3 Radio Revenue Roundup
November 9, 2012

Salem Communications saw its Q3 revenue increase 4.1 percent to $56.7 million. Net broadcast revenue was up 2.5 percent to $45.9 million from $44.8 million a year earlier. Station operating income was down 2.1 percent to $15.3 million from $15.6 million in Q3 2011.The company's overall operating expenses increased 6.7 percent to $48.2 million. 

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."

Saga Communications has announced its third quarter results for the year, with net income up 17.2 percent to $4.3 million. Free cash flow grew 2.2 percent to $6.1 million, while net operating revenue was up 1.2 percent to $32.4 million. Station operating expenses declined by 2.4 percent to $22.4 million in Q3.

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.




 
Breaking News
Cumulus Expands Country NASH FM Brand To More Stations
Pandora Reports Record Revenue In Fiscal Q1
In Brief - May 24, 2013
FMQB FYI... Links You Should Know About
May 23, 2013
More Delays, Frustrations For Apple's iRadio Service
Latest "Infinite Dial" Data Released Focuses On Urban P1s
Industry Vet Jimmy de Castro Named President/GM Of WGN-AM
CMG Stations Aid In Oklahoma Tornado Relief
ATO Records Signs Distribution Deal With Caroline
In Brief - May 23, 2013
May 22, 2013
Mat Mitchell Named PD For KZZP & KYOT/Phoenix
Kirdis Postelle Named SVP Of Marketing For Capitol Music Group
Cox Enterprises Donates $1 Million For Oklahoma Relief
SiriusXM CEO Meyer Touts "Superior Revenue Model"
Monte & Avery Lipman Deliver Commencement Speech At University Of Albany
In Brief - May 22, 2013
May 21, 2013
Arbitron & Edison Release More Infinite Dial Data On AC P1s
Rob Wells Joins Universal Music Group's Executive Board
Spotify Launching Top 50 Charts
Pandora To Preview New Releases With "Pandora Premieres"
Bill Pugh Named PD Of KFOG & KSAN/San Francisco, Dennis Constantine Exits
Jacobs Media Releases Techsurvey 9 Data On News/Talk Format
Duke Professor Connolly Rumored As Next FCC Nominee
NAB Commends Broadcasters On Oklahoma Tornado Coverage
In Brief - May 21, 2013
May 20, 2013
Clyburn Takes Over As Acting FCC Chairwoman
Music News
Josh Homme Talks New QOTSA Album, Elton John
Quick Hits: Muse, American Idol / Jennifer Hudson, Eminem
Quick Hits: Metallica, Bruce Springsteen, Teen Choice Awards, Paul McCartney, MuchMusic Video Awards, CBGB Music & Film Festival
Vampire Weekend Notches Best Sales Week Yet
Metallica Writing New Tunes, But Focused On Film
Quick Hits: One Direction, Daft Punk, Trevor Bolder, Interlocken Music Festival
Doors Keyboardist Ray Manzarek Passes Away
Johnny Marr: Don’t Shoot The Messenger
Quick Hits: Prince, Cee-Lo Green, Thirty Seconds To Mars, The X Factor, The Transplants, Sick Puppies, Cage The Elephant, First City Festival, The Clash
Taylor Swift Dominates Billboard Music Awards
Kanye West Unveils New Songs On SNL
Chester Bennington Joins STP At KROQ Weenie Roast, Release Single Together
Quick Hits: Beyonce/Jay-Z, The Voice, Ed Sheeran, Coachella, Interlocken Music Festival, The Beatles
Britney Spears To Hit The Studio Next Week
The Week In Review: 5/13-5/17
FMQB NOW

Tias Schuster, OM/PD
WFBC & WSPA/Greenville, SC

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!