Digital Revenue Growth
Digital revenue grew by 1.3% or 8.1% on a same-station basis, accounting for 25% of total revenue, with operating margin improving 900 basis points from 17.8% to 26.8%.
Strategic Asset Sales
Agreements to sell multiple stations in Fort Myers and Tampa for a combined $26 million, with proceeds aimed at debt reduction.
Cost Management and Reductions
Implemented $10 million in annualized expense reductions in the first half of the year, totaling roughly $30 million over the past 12 months.
Local Direct Revenue Increase
Local direct revenue was up 1.7% year-over-year, now representing the majority of the local sales mix.
PPM Market Station Ratings Growth
PPM market station ratings rose by 14% year-over-year among adults 25-54, with key stations ranking #1 in their respective markets.