Fisher was the third public company to report Q2 earnings so far and it's the second to report a drop in radio revenue. Fisher only has 3 radio stations in its public portfolio, however, it did report a revenue decline at those stations of 5% to $5.7 million. Despite the negative revenue number, the company reported an increase in cash flow of $654,000 and an increase in cash flow margin from 17% to 29%.
Fisher reported, despite the poor revenue numbers, that Radio in Seattle had two of the Top 10 stations in the market during Morning Drive for Adults age 25-54 in average share and cumulative audience in June 2011. Fisher has the #1 station in the market for Adults age 25-54 total day cumulative audience (KPLZ-FM).
Beasley broadcasting reports in ths morning at 11AM Eastern
