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Susquehanna Cites Better Economy in Q2

Susquehanna Cites Better Economy in Q2

Susquehanna Radio enjoyed a 7% increase in revenues in the second quarter compared to the same period last year, to $57.1 million. It credits improved economic conditions and the effects of expense controls. Adjusted earnings before interest, taxes, depreciation and amortization were up 19% over Q2 2001.
For the first six months of the year, revenue was $97.9 million, a 5% increase. Adjusted EBITDA was up 15%. The company also has cable and Internet operations. Overall revenue of parent Susquehanna Media Co. in the second quarter was $90.6 million, up 11% over last year’s Q2.