Broadcast Q1 financial results: Radio One sales rose 59...
Broadcast Q1 financial results: Radio One sales rose 59 percent from the year-ago quarter to $103 million on revenue from its TV One cable programmer and what CEO Alfred Liggins called “strong ratings related growth in Atlanta and our newly…
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revamped Detroit cluster” of radio stations. Operating income more than doubled to $13.8 million. Political revenue will give the stations “some lift” this year, Liggins said (http://xrl.us/bm55g3). ... Fisher Communications revenue fell 10 percent to $33.9 million from Q1 2011 because Fisher Plaza in Seattle was sold. Retransmission consent revenue rose 8 percent, Fisher said without giving a total, and political ads weren’t “meaningful” as they usually are in election years. The net loss widened to $1.9 million from $1.7 million.