Cox Radio on target
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Cox Radio reported Q2 revenue growth of 0.7% to 118 million, meeting Wall Street expectations, with CEO Bob Neil hailing revenue growth in the company's largest markets, Atlanta, Miami and Orlando. Local rose 1%, while national was down 1%. But Neil noted that Internet revenues shot up 21%. Station operating income, however, was down 4.3% to 47.8 million. At this point, Q3 is pacing flat, Neil told analysts.
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