Liberman posts an up quarter


Not everyone was down in Q2. LBI Media, the parent company of Liberman Broadcasting, reported net revenues up 4.6% to $34 million. Adjusted EBITDA was $16.1 million, down from $18.6 million a year earlier. The Spanish media specialist said radio ad revenues grew strongly across all of its markets, Los Angeles, Houston and Dallas. Radio revenues increased by 15.8% to $19.8 million. Television revenues declined by 7.8% to $14.2 million, mainly due to lower infomercial sales. However, the company said national sales improved, especially in Dallas. Also, its San Diego station added cable carriage during the quarter. Liberman has a deal pending to acquire KVPA-LP Phoenix and expand its TV footprint to a sixth market.