Advertisement

REGIONAL EARNINGS

Premiere Radio Profit Surges to $458,562

November 08, 1994

Premiere Radio Networks Inc., a Sherman Oaks producer of syndicated radio programming, said its third-quarter earnings rose sharply as several recent acquisitions contributed to its bottom line.

In the three months ended Sept. 30, Premiere had a profit of $458,562, up from $25,249 in net income a year before. Revenue grew to $4.17 million, a 38% increase from $3.03 million.

In the recent nine-month period, Premiere earned $1.83 million, in contrast with a year-earlier loss of $300,594. Revenue rose 58%, to $12 million from $7.58 million.

Among the recent acquisitions contributing to Premiere's improved results are radio programs it bought from Olympia Networks of Missouri Inc. and its purchase of Mediabase Research Corp.

Advertisement
Los Angeles Times Articles
|
|
|