The radio and TV divisions of SBS posted an overall 11% gain to almost $31 million in the first quarter of this year.
RBR reports the radio division saw much better results, with a 12% increase to $27.08M, while the TV side picked up 4% to $3.766M. Chairman and CEO Raúl Alarcón attributed the Q1 results to a “recovering ad market.”
SBS was also able to stay listed in Nasdaq, having kept its stock over the $1 required mark.
