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SOUTHERN STARR BROADCASTING GROUP REPORTS RESULTS

 SOUTHERN STARR BROADCASTING GROUP REPORTS RESULTS
 WINTER PARK, Fla., Aug. 10 /PRNewswire/ -- Robert E. Long, chairman


of Southern Starr Broadcasting Group, Inc. (NASDAQ: SSBG) reported today that revenues for the quarter ended June 30, 1992, increased 30 percent to $2,689,948, compared with $2,071,770 for the same quarter of the prior fiscal year. Excluding the newly acquired radio station, WGNE-FM, Daytona Beach/Titusville, same station revenues increased 11 percent.
 Net income increased 17 percent for the quarter to $236,959, or $0.18 per share, compared to $202,019, or $0.15 per share, for the quarter ended June 30, 1991.
 The results for the first quarter of fiscal year 1993 reflect improving revenue trends previously forecasted by management. Consolidated station operating income exceeded management's budget for the quarter. Although economic conditions have not significantly improved in the four markets in which the company operates radio stations, management believes the stations' current performance in audience ratings should ensure continued revenue growth.
 SOUTHERN STARR BROADCASTING GROUP, INC.
 FINANCIAL HIGHLIGHTS
 Quarter Ended
 June 30,
 1992 1991
 Revenues $2,689,948 $2,071,770
 Income from operations 500,232 423,878
 Income before income taxes 374,959 337,239
 Net income $ 236,959 $ 202,019
 Net income per share $ 0.18 $ 0.15
 -0- 8/10/92
 /CONTACT: William D. Motter of Southern Starr Broadcasting Group, Inc., 407-647-2334/
 (SSBG) CO: Southern Starr Broadcasting Group, Inc. ST: Florida IN: TLS SU: ERN


JB-JJ -- FL003 -- 8415 08/10/92 10:13 EDT
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Publication:PR Newswire
Date:Aug 10, 1992
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