Beasley Broadcast Group reported a five percent increase in net revenue in the third quarter of 2013, up to $26 million from $24.7 million a year ago. Operating income was up slightly at $6.6 million, while net income jumped 175.5 percent to $3.2 million, due to "a pre-tax $0.8 million music license fee settlement with BMI which had the effect of reducing station operating expenses during the period." Beasley attributed its revenue growth its Philadelphia and Miami-Fort Lauderdale clusters as well as the acquisition of KOAS/Las Vegas in the 2012 third quarter and KVGS/Las Vegas in September 2013.
Spanish language broadcasting giant Univision has reported its Q3 fiscal results, as the company's net revenue was up 10.1 percent to $692.7 million, from $628.9 million a year ago. Univision radio revenue was essentially flat in the quarter, dropping from $90.7 million to $90 million. This was attributed in part to the loss of popular morning host Eddie "Piolin" Sotelo, who joined SiriusXM.