All Posts: economic downturn

LOSE $404 MILLION IN 2008

Cox radio issued their 4th quarter report this morning and it shows that net revenues were down $99.3 million, or 13.1% from the 4th quarter of 2007.  Cox blamed the drop on the economic downturn which has resulted in advertisers spending less overall.
Local revenues decreased 14.4%, national revenues decreased 10.3% andother revenues, which include Internet and other non-traditionalrevenues, decreased 9.4%, each as ...