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Cox Radio benefits from the Braves' absence on WSB-AM

R

rho01

From R&R:

Wednesday, Nov. 2, 2005

Cox Radio Q3 Profits Beat The Street

The company's net earnings rose from $18.4 million (18 cents per share) to $21.5 million (21 cents), a penny ahead of Thomson Financial analysts' expectations.

While revenue fell 3%, to $113.2 million, the profit increase was boosted by a 24% decline in costs due primarily to the discontinuation of Cox's agreement to broadcast Atlanta Braves baseball games. Minus the effect of the contract termination, Q3 revenue would have increased 2%. Q3 operating income rose 13%, to $42.5 million.

Cox Radio Chairman/CEO Bob Neil says, "I'm pleased with the sound results our stations turned in this quarter, producing operating leverage in a soft revenue environment."
 
they're learning sports takes away from news talk's appeal and revenue too!!

> From R&R:
>
> Wednesday, Nov. 2, 2005
>
> Cox Radio Q3 Profits Beat The Street
>
> The company's net earnings rose from $18.4 million (18 cents
> per share) to $21.5 million (21 cents), a penny ahead of
> Thomson Financial analysts' expectations.
>
> While revenue fell 3%, to $113.2 million, the profit
> increase was boosted by a 24% decline in costs due primarily
> to the discontinuation of Cox's agreement to broadcast
> Atlanta Braves baseball games. Minus the effect of the
> contract termination, Q3 revenue would have increased 2%. Q3
> operating income rose 13%, to $42.5 million.
>
> Cox Radio Chairman/CEO Bob Neil says, "I'm pleased with the
> sound results our stations turned in this quarter, producing
> operating leverage in a soft revenue environment."
>
 
> they're learning sports takes away from news talk's appeal
> and revenue too!!

I can see why. To carry sports is quite expensive. With that said, as long as they don't get rid of the Georgia Bulldogs, things will be OK.<P ID="signature">______________
"...and the countdown continues until the neanderthals that govern college football do something about their pathetic postseason."--Tim Brando, Sporting News Radio</P>
 
That's interesting. I like the Braves, but don't listen to them on the radio.
I'm a bit bummed when Phil Hendrie isn't on each night (thankfully he is now that the season is over).
 
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