4-1-13
In Q4 of 2012 radio revenue at SBS declined $1.4 million or 4 percent. The company says the drop was due to "special events revenue and network sales." The decrease in special events revenue occurred mainly in Puerto Rico and the decrease in network sales occurred throughout most of the SBS markets. For the year, radio revenue at SBS was down $1.7 million or 1 percent. SBS focuses on Hispanic formats with 21 stations in New York, L.A., Miami, Chicago, San Francisco, and Puerto Rico. SBS will hold an earnings conference call Tuesday at 11 a.m.
