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NEW YORK Radio revenue remained stuck on the bottom in the second quarter, leading industry pundits to declare that a low point has been reached. Local and national advertising revenue fell 25 percent to $3.4 billion in Q2, according to figures released by the Radio Advertising Bureau.
Network radio was down 10 percent to $274 million. Off-air revenue declined 13 percent to $355 million. The only segment posting positive numbers in the quarter was digital, up 9 percent to $120 million.
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