Posted on: August 7th, 2006
Filed Under: [ Business ] [ Hispanic News ] [ Media ] [ Press Releases ]
Tags: Mega TV, radio, spanish broadcasting system
“For the three-months ended June 30, 2006, Net Revenue totaled $48.8 million compared to $44.6 million for the same prior year period, resulting in growth of 10%. Radio net revenue totaled $47.4 million compared to $44.6 million for the same prior year period, resulting in growth of 6% primarily from local and barter revenues. This radio net revenue growth was primarily in our San Francisco, Los Angeles, New York and Puerto Rico markets, offset by a decrease in our Chicago market. Our new television segment, “MEGA TV”, which debuted on March 1, 2006, generated start-up net revenue of $1.4 million primarily from local revenues.”
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