Cumulus said second-quarter net income declined to $15.14 million from last year's $27.10 million. Income per share was $0.06, compared to $0.11 in the prior year.
Income from continuing operations per share advanced to $0.06 from $0.05.
Net revenue was driven by the acquisition of Westwood One and climbed to $328.25 million from $270.31 million in the prior year. Analysts expected revenues of $330.55 million.
Operating highlights are as follows (in thousands, except percentages):
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