SCA reports revenue for the first quarter 2017 down 1.7% on the prior year

SCA has grown its regional television revenue by 3.5%

Southern Cross Austereo CEO Grant Blackley has provided a revenue update for Q1 of the new financial year.

Speaking at the company’s AGM yesterday, Blackley said:

While July and August were difficult, we saw improved conditions in September which have continued into the second quarter.

In a metropolitan radio market that has been subdued but showing signs of improvement, SCA’s revenue for metropolitan radio for the first quarter is back 6% compared to the first quarter of 2016.

Revenue for SCA’s regional radio business for the first quarter continued to grow, improving by 2%.

SCA has grown its regional television revenue by 3.5%.

Total revenue for the first quarter was back 1.7% on the prior year, accounting for the absence of revenue from the disposed television asset in Northern NSW. On a reported basis revenues were down 7% across the period.

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