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SOUTHERN STARR BROADCASTING GROUP, INC. REPORTS RESULTS

 ALEXANDRIA, Va., Aug. 5 /PRNewswire/ -- Robert E. Long, chairman and chief executive officer of Southern Starr Broadcasting Group, Inc. (NASDAQ: SSBG) reported today that during the quarter ended June 30, 1993, the company's net income totaled $310,226 ($0.21 per share), a 30.9 percent increase over the prior year's results of $236,959 ($0.16 per share). Broadcasting revenues for the quarter advanced 6.6 percent to $2,867,892. Radio station operating profit (before depreciation, amortization, barter and corporate expenses) rose $97,816, or 11.0 percent, to $989,357 and income from operations totaled $631,443, a 26.2 percent increase.
 Especially encouraging, said Long, was the company's success in exceeding management's revenue target while holding station operating expenses below those of the prior year. A positive year-to-year swing of $63,916 in barter income/(loss) was offset by $62,000 in higher income taxes. Thus, bottom line results accurately reflect the company's progress for the quarter.
 SOUTHERN STARR BROADCASTING GROUP, INC.
 Financial Highlights
 Three Months Ended
 June 30,
 1993 1992 Change
 Broadcasting revenues $ 2,867,892 $2,689,948 6.62 pct.
 Income from operations 631,443 500,232 26.23 pct.
 Income before
 income taxes 510,226 374,959 36.08 pct.
 Net income $ 310,226 $ 236,959 30.92 pct.
 Net income per common share $ 0.21 $ 0.16 31.25 pct.
 Weighted average number
 of shares 1,455,305 1,449,620
 -0- 8/5/93
 /CONTACT: William D. Motter of Southern Starr Broadcasting Group, Inc., 703-683-8488/
 (SSBG)


CO: Southern Starr Broadcasting Group, Inc. ST: Virginia IN: TLS SU: ERN

AW-JB -- FL007 -- 9842 08/05/93 11:34 EDT
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Publication:PR Newswire
Date:Aug 5, 1993
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