SBS Revenue Is Up

SBS Revenue Is Up
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Spanish Broadcasting System saw net revenue increase 10% in the quarter, to $48.8 million. Radio net revenue was up 6%, "primarily from local and barter revenues."
For the year to date, net revenue is $86.6 million, up 8%. Radio net revenue is up 6%.
Chairman/CEO Raul Alarcon Jr. said the company's radio growth "outpaced the general market, highlighting the power of our brands in consistently attracting Hispanic audiences in the nation's top markets. We also made considerable progress in building Mega TV."
SBS has 20 radio stations; Mega TV is a television operation in South Florida.

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