WESTWOOD ONE REPORTS FLAT REVENUE FOR QUARTER

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(May 3, 2001) -- Despite losing dot-com ad dollars, radio network Westwood One reported first-quarter net revenue of $121.6 million, almost flat vs. $122.1 million in the year earlier period. Net income increased 15% to $4.6 million for the quarter, from $4 million last year, boosted by traditional ad categories replacing Internet advertisers. The wholly-owned subsidiary of Viacom, managed by Infinity Broadcasting Corp., expects revenues to range from flat to down 5% in the second quarter. -- Cara Beardi

Copyright May 2001, Crain Communications Inc.

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