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LBI Media Reports Q4 Net Revenue for Radio up 8%. Net Revenue for 2010 up 1%

March 8, 2011

LBI Media Reports Q4 Net Revenue for Radio up 8%. Net Revenue for 2010 up 1%

Net revenues for the Radio side of LBI Media increased by $1.2 million, or 8%, to $15.3 million for the three months ended December 31, 2010, from $14.1 million for the same period in 2009.  Advertising revenues increased in the  California and Texas markets. Net revenues for the radio side for 2010 increased by $0.8 million, or 1%, to $59.9 million from $59.1 million for the same period in 2009. This change was primarily attributable to a modest increase in advertising revenue in Dallas, partially offset by slight declines in our Southern California and Houston markets.

Commenting on the company's earnings results, Lenard Liberman, Chief Executive Officer and President said, "We are pleased to confirm our fourth quarter and full year 2010 results, as we previously announced last month.  Our results for the fourth quarter of 2010 represent our fourth consecutive quarter of year-over-year revenue growth. This growth was led by incremental revenues from our national broadcast television network, EstrellaTV, and improved performance from our owned and operated radio and television stations.  EstrellaTV is now broadcast in 37 markets that comprise approximately 77% of the U.S. Hispanic television households.  We anticipate expanding the reach of EstrellaTV through additional affiliates and other distribution channels.

Our owned and operated radio and television stations also continue to perform well and rank among the top Hispanic stations in their respective markets.  Both our owned and operated radio and television stations showed revenue growth in the fourth quarter of 2010.  With a strengthening economy and the anticipated growth in the U.S. Hispanic population, we believe that our underlying business units have strong growth prospects."

LBI is one of the largest Spanish-language radio and television broadcasters in the United States, based on revenues and number of stations. They own 21 radio stations (fifteen FM and six AM) and nine television stations in greater Los Angeles, CA (including Riverside, San Bernardino and Orange counties), Chicago, IL, Dallas-Ft. Worth, TX, Denver, CO, Houston, TX, New York, NY, Phoenix, AZ, Salt Lake City, Utah, and San Diego, CA.


 
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