Fourth Quarter 2013 Highlights:
- Total revenue increased 3.5%
- Internet and e-commerce revenue increased 16.6% and Internet and e-commerce operating income increased 33.2%
- Acquired Twitchy.com, a Twitter curation site, on December 10, 2013
- Total debt excluding capital leases decreased $3.2 million during the quarter to $291.3 million
- Net broadcast revenue increased 1.0% to $47.4 million from $47.0 million
- Station operating income ("SOI") (1) decreased 4.0% to $15.8 million from $16.5 million
- Same station net broadcast revenue increased 0.2% to $47.0 million from $46.9 million
- Same station SOI decreased 4.6% to $15.7 million from $16.5 million
- Same station SOI margin decreased to 33.5% from 35.2%.
Consolidated
- Total revenue increased 3.4% to $236.9 million from $229.2 million
- Operating expenses increased 1.9% to $202.4 million from $198.7 million
- Operating expenses excluding gains or losses on the sale or disposal of assets, stock-based compensation expense and impairment charges increased 4.7% to $199.4 million from $190.4 million
- Operating income increased 13.3% to $34.5 million from $30.5 million
- The company had a net loss of $2.7 million, or $0.11 net loss per share, compared to net income of $4.4 million, or $0.18 net income per diluted share, in the prior year
- EBITDA decreased 50.1% to $22.0 million from $44.0 million
- Adjusted EBITDA decreased 1.3% to $52.8 million from $53.5 million.
- Net broadcast revenue increased 0.3% to $183.7 million from $183.2 million
- SOI decreased 2.5% to $60.8 million from $62.4 million
- Same station net broadcast revenue decreased 0.6% to $181.9 million from $183.1 million
- Same station SOI decreased 2.6% to $60.9 million from $62.6 million
- Same station SOI margin decreased to 33.5% from 34.2%
No comments:
Post a Comment