Just 15 days after telling Wall Street that Q1 was only pacing flat to up in the single digits, Radio One has issued a special note to let The Street know that Q2 is much improved.
Radio One announced Friday (3/18) that core radio revenues for the second quarter 2011 are pacing up mid to high single digits compared to the same period in 2010.
“Q2 is historically our biggest quarter for radio revenues, so it is encouraging that we are pacing strongly compared to prior year. May and June pacings have been strengthening over the past few weeks and both months are now pacing up double-digits. This data is helpful in the context of the full year guidance that we have previously provided, and which we continue to affirm,” said CEO Alfred Liggins.