Strong quarter for Liberman


Radio was the growth center in Q3 for Liberman Broadcasting, and not just because of the stations it acquired in Dallas. The LA stations also posted strong growth. Radio division revenues shot up 20.2% to 16.5 million. TV revenues were down 8.8% to 13.8 million, with the company’s Texas stations up and California down. All in all, Liberman’s revenues were up 5% to 30.3 million. But operating expenses, including those new stations in Dallas, increased, so adjusted EBITDA for the quarter declined 5.9% to 13.7 million. LBI Media Holdings, the parent company of Liberman Broadcasting, is privately owned but has public bonds.