Posted at 10:12 a.m., Tuesday, February 27, 2007
Cox Radio says lower Hawai'i sales a drag on profits
Advertiser Staff
Cox Radio Inc., an Atlanta-based company that operates six Honolulu radio stations, said sales in Hawai'i, Miami and Richmond were down in the three months ended Dec. 31.The company noted the performance as it announced it swung to a fourth-quarter loss of $88 million from a profit of $5.46 million a year earlier.
The poor sales results here and other markets were offset in regions where Cox experienced growth as revenue rose to $113 million from $108.9 million a year earlier.
Cox provides owns, operates, or provides sales and marketing services for 80 stations in 18 markets.
