Spanish Broadcasting System Q1 radio revenue fell to 26,441,000 dollars, resulting in a slight slip of less than 1% in overall revenue to 30,775,000 dollars.
As for the company's television revenue it rose 15% to 4,334,000 million dollars. Operating income before depreciation and amortization and (gain) loss on the disposal of assets, net, showed a 12% decline for radio to 9.196.000 dollards and a 8% decline overall to 5,459,000 dollars.
Television revenue rose 15% to $4,334,000. Operating income before depreciation and amortization and (gain) loss on the disposal of assets, net, showed a 12% decline for radio to $9.196.000 and an 8% decline overall to $5,459,000.
Chairman/CEO Raúl Alarcón JR. commented, "We saw some improvement in the business environment across select markets during the first quarter. We have continued to focus on supporting our strong brands and market leadership through strategic investments in our content and distribution, while managing our costs. Looking ahead, our target audience continues to expand rapidly and our multi-media-portfolio remains well positioned to attract advertisers in the nation's largest Hispanic markets."