Emmis Sees Ad Rates Rise, NY Stations Still Underachieve
Emmis Communications, which in recent months attempted a buyout by owner Jeff Smulyan, is seeing revenue on the increase at its radio stations.
Radio-info.com reports the domestic revenues improved from $41.7 million for the fiscal quarter ended in November 2009 to nearly $44.9 million.
Despite the good news, the report indicates Emmis’ New York radio triumvirate is slightly underperforming.
As we reported in November, Emmis may put Alternative Rocker WRXP up for sale.
In the most recent Arbitron PPM ratings, ‘RXP held steady at a 2.1.
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