The positive number in the report was a 9% share iin net income to $3M, or 51 cents per fully-diluted share, up from $2.7M/48 cents respectively.
Net operating revenue was down 1.3% to $29M, a loss of $300K from Q1 2012; and operating income from continuing operations was down 1.9% to $4.9M, and $100K decrease.
One decrease was beneficial – operating expenses were down 1.2% to $22.1M.
Marci Ryvicker of Wells Fargo noted that results were a bit lower than expected, and noted that the company’s smaller TV unit performed a bit better than the core radio unit.
Ryvicker said nothing was surprising, and that the company is expected to market perform going forward.