Media company Q1 results: CC Media sales fell 1...
Media company Q1 results: CC Media sales fell 1 percent to $1.34 billion from the year-ago quarter and operating income was little changed at $81.3 million, the radio broadcaster said in a news release Friday (http://bit.ly/138yRvN). It said media and…
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entertainment revenue fell 2 percent to $656.6 million “driven primarily by the traffic business, which continues to reflect integration activities. Offsetting this decline was strength in radio stations, including national and digital operations.” ... Madison Square Garden Co. revenue in its fiscal Q3 ended March 31 rose 3 percent to $412.4 million, as operating income grew 20 percent to $63.8 million, it said (http://on.msg.com/18AGmw3). MSG Media sales rose 11 percent to $184.7 million as affiliate fee revenue rose amid higher rates and more carriage. ... Washington Post Co. cable revenue rose 5 percent to $200.1 million from the year-ago quarter on rate increases for many subscribers in June. The unit’s operating income rose 12 percent to $36.6 million, the company said Friday (http://bit.ly/15eQGh5). “Primary Service Units (PSUs) were down 3 percent from the prior year due to a decline in basic video subscribers.” The number of basic-video subscribers fell 5.5 percent to 588,180. Broadcast TV division revenue rose 5 percent to $85.3 million as operating income rose 14 percent to $35.4 million. The company cited “growth in advertising demand across many product categories and increased retransmission revenues.” Companywide sales rose less than 1 percent to $959.1 million as income from continuing operations fell 55 percent to $6.1 million. ... Shentel sales rose 10 percent to $76 million from Q1 2012 as income from continuing operations surged 90 percent to $8.4 million, the company reported (http://bit.ly/105CW51). The total number of voice, data and video subscribers rose 2.3 percent to 116,576.