Equity reports up quarter


Q3 revenues were up 5% to 7.5 million for Equity Media Holdings, and if you adjust for the sale of its former station in Portland, OR, the gain was 8.2%. The gain was attributed to strength at the company’s Spanish-language stations. Local revenues were down 4.5%, primarily at Equity’s English-language stations, the company said, while national grew 20.9%. The publicly traded company’s net loss per common share was 19 cents for the quarter, an improvement of two cents from a year earlier when it was still privately held and had a lot fewer shares outstanding. In raw terms, the net loss attributable to common shareholders grew by 2.6 million to 7.8 million.