Spanish radio flourishing.Publicly traded Spanish-language radio broadcasters reported generally upbeat earnings for the third quarter, even as the largest player in the sector prepares to go private. Univision Communications Inc., based in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , reported net radio revenues of $103.2 million. That represents a growth rate of 6.5 percent, compared to an industry average of zero growth, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Radio Advertising Bureau The Radio Advertising Bureau (RAB) is the sales and marketing arm of the Radio industry with nearly 7,000 members, including almost 6,000 stations in the U.S., and over 1,000 associate members in networks, representative firms, sales and international organizations. . Univision owns 69 stations in the U.S., including five in Los Angeles. The latest Arbitron book lists Univision's KSCA-FM (101.9) and KLVE-FM (107.5) as the top two stations in the market. "In Los Angeles, Univision increased its cluster share 28 percent among adults 25-54 and 24 percent among adults 18-34," the company stated. Its two flagship stations In broadcasting, a flagship station is the station which originates a broadcast network, or a particular radio show or TV show, primarily in the United States and Canada. This includes both direct network feeds and syndication, but generally not backhauls. were tops "among all adults 25-54 and, for the first time since 2001, among all persons 12-plus (Hispanic and Non-Hispanic) as well." The quarterly earnings report marks one of the last such disclosures as a public company. In June, the company announced it would be acquired by an investment group led by Los Angeles-based media entrepreneur Haim Saban  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. . On Sept. 27, shareholders approved the deal. The company--known for avoiding public comment--expects the acquisition to finalize in the spring of 2007. It has already stopped quarterly conference calls in conjunction with its earning reports. Entravision Inc., the second-largest player in the industry, owns 47 stations, including KSSE-FM (107.1) and KLYY-FM (97.5) in Los Angeles. The company's radio revenues rose 4 percent to $27.5 million in the third quarter. Walter Ulloa, chief executive of the Santa Monica-based company, cited the 2006 elections as one factor in driving advertising growth. At Burbank-based LBI LBI Long Beach Island (New Jersey Shore) LBI Leo Baeck Institute LBI Limited Background Investigation LBI Legally Binding Instrument LBI Leveraged Buy In LBI Long Baseline Interferometer LBI Last Block Indicator Media, radio revenues increased less than 1 percent to $13.8 million for the quarter. "Although revenue increased at our Texas radio stations, this growth was offset by the performance of our Los Angeles radio stations," the company stated. Its L.A. holdings include six stations. Spanish Broadcasting System Spanish Broadcasting System, Inc. (NASDAQ: SBSA) is one of the largest owners and operators of radio stations in the United States. SBS is also invested in television and internet properties, deriving the majority of its income from advertising through its media. reported 3 percent revenue increases for the quarter. The Miami-based company owns nine U.S. stations, including reggaeton hotspot KXOL-FM (96.3) and KLAX-FM (97.9) in Los Angeles. Staff reporter Joel Russell can be reached at jrussell@labusinessjournal.com, or at (323) 549-5225, ext. 237. |
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