Sales Up 1%; Fries Foresees Moderate Growth

Radio revenues reacted to a healthy first quarter with a small increase across all sectors in the month of April.
Local, national and combined revenue climbed 1% each when compared to the same month a year ago.
Year-to-date, radio grew 3% in combined local and national dollars through April. National revenue jumped 6%.
“As these numbers bear out, radio maintained a relative level of stability during the height of the war,” stated Gary Fries, president and CEO of the RAB. “While we anticipate some residual effects of the war over the next few months, radio is well-positioned for moderate growth in the second half of the year.”