Overview
Cox Radio, Inc. is one of the largest radio broadcasting companies in the United States based on revenues. With a focus on operational excellence, Cox Radio's high-performing market clusters fit well with current media-buying approaches. A majority-owned subsidiary of Cox Media Group, Inc., Cox Radio stock is traded on the New York Stock Exchange under the symbol "CXR."
2008 Metrics
Revenues: $410 million
AM Stations: 15
FM Stations: 71
Markets: 19
Combined Weekly Listeners: 17,938,800
2008 Highlights
- Generated more than $104 million in cash flows from operating activities.
- Maintained one of the healthiest balance sheets in the industry, which continues to provide financial flexibility necessary to weather challenging economic conditions.
- Acquired four FM and two AM stations in Athens, Georgia.
- Celebrated the naming of hosts Neal Boortz and Clark Howard as finalists for Radio and Records Syndicated Talk Hosts of the Year. News/Talk 750 WSB was a finalist in the Station of the Year category. Pete Spriggs and David Meszaros were finalists in the categories of Program Director and Station Manager, respectively.
- Netted $2.1 million in pledges for Cox Radio Houston's annual Radio-thon, which benefits the fight against childhood cancer for Texas Children's Hospital. The 2008 Cure Kids Cancer Radio-thon raised more money than ever before.
- Maintained consistently strong ratings performance across our markets. Over 80% of our stations are ranked in the Top 10 in their target demographic.