Revenue news continue to be grim for most broadcasters, including Spanish-language Entravision Communications Corp, which just reported a 22% drop for its TV properties in the first quarter of 2009, compared to the same period last year. Q1 earnings were $28.2 million. They were $36.1 same time last year.
The radio business was hit worse, slipping 31% to $13.4 million in the first quarter. Overall, the company’s first quarter net revenue for the quarter was down 25%, to $41.8 million.
Earlier this year, Entravision did a 10% cut of its expenses, which included some layoffs and salary reductions.