Westwood One, which provides analog and digital content to radio, TV and online, reported that revenue in 1Q decreased $7.4 million, or 6.5%, to $106.6 million. National revenue declined 2.4%, and
local/regional revenue decreased 11.2%. The decrease in local/regional revenue was due to a weak local ad marketplace primarily in the automotive, banking and real estate categories. Net loss for the
first quarter was $5.3 million, or $0.06 per diluted common share, compared with net income in last year's first quarter of $0.7 million, or $0.01 per diluted common share.
