SBS Reports Q3 Revenue Declines 2%
Net radio revenue at SBS was $31.2 million compared to $31 million one year ago. The 2 percent drop was blamed on local and network sales all across the SBS markets. CEO Raul Alarcon said, “We continued to experience an uneven advertising environment, primarily in our radio division, although we were able to generate increases in our barter, national, and interactive sales. SBS owns and/or operates 21 stations located in New York, Los Angeles, Miami, Chicago, San Francisco, and Puerto Rico.
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