After reporting same station revenues down slightly in Q3, although revenues including acquisitions were up nearly 25%, Regent Communications surprised analysts by projecting that Q4 same station revenues will be up despite the tough ad market. CEO Bill Stakelin says one month is already in the bag and pacings are ahead. So, Regent is forecasting that Q4 same station revenues will be up in the low single digits.
For Q4, revenues were up 24.9% to 25.7 million, including recently acquired stations. On a same station basis, they were down 0.8%. Station operating income shot up 37.8% to 9.5 million. Same station operating income was up slightly, the company said.