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Annual revenue plunged 18.3 percent to $146.2 million. Revenue dropped in the majority of Cox Radioâ„¢s markets relative due to continued weakness in the general economy and particularly the advertising market. Local revenue decreased 7.2 percent, national revenue dropped 11.7 percent and other revenue dipped 3 percent. Markets with lower revenue included Atlanta; Orland o, Fla.; Miami; Tampa, Fla.; San Antonio; southern Connecticut; Jacksonville, Fla.; and Richmond, Va.
Cox Radio (NYSE: CXR) owns, operates or provides sales or marketing services for 86 stations (71 FM and 15 AM) in 19 markets. In San Antonio, the company owns KCYY Y-100 FM, 99.5 KISS FM, KKYX AM, KONO 101.1 FM, Power 106.7 FM and MAGIC 105.3 FM.