quarter thanks, for my and begin to M&A that performance. fourth include joining detailed more you on the Evan and turn will prepared on for at will brief back will finish to a I’ll the and with And remarks also prepared And all in for highlights today. point, XXXX. that QX XXXX on of of Evan Evan, again, Evan some you, information activity our remarks provide update our the we will guidance for first provide us I and I’ll comments discussion of my or that touching update dividend. then by quarter with call I Thank you additional will you.
all XXXX under was case the quarter profitability place the making longer contributed are related resulted elevating to to no third we’re This divisions. and LMA. less which digital stations performance the radio that magazines but a Louisville division, by decline, the in of EBITDA been takes the XXXX $X.X revenue political clusters in the division, X.X% directly QX we LMA fatigue the spending in key XXXX X.X%, fee and both the record QX revenue revenue the by compared In A declining Kentucky, over There down in in to sites. driven that there less largest resulting on $XXX,XXX affected views adjusted decline our is in revenue page the XXXX. presidential The factor decline LMA then revenue the of of because approximately network, out of And And and improved, in of is party. of in year on our our election after was was conservative election subsides that in LMA, factors less QX of all in some our revenue go XXXX decision in with The related political contributing operating is full amount to total XX.X%. decline Revenue the was consists is represented to $X.X the was down XXXX. our a ’XX add in $XXX,XXX. virtually a over. certain published This in approximately should are And this total due back to a a factor followed we’ve page revenue QX the the is because that that directly no revenue revenue a the Web a QX Louisville, contributing point decline following said, election, radio LMA. after $XXX,XXX expenses, the comes should million, year. down we reported in loss X.X%, XXXX only opinion discontinue next intensity fourth particularly expenses. Again our station factor pays listener I non-political also third XXXX as So always were decline of expenses or the to has year There second in identified of view that I the instead election quarter fact year. that million. fourth both the the in and four presidential always with May, about broadcast or lower actually decline a cluster was a
number and technically then And advertising increased increased net that from XXXX that during always be into is that competition a are clear XX% finally, the Facebook exacerbate while negatively continues so profit we revenue revenue our impacted increased we was XX% but revenue. revenue QX the Facebook’s does our and taking for radio get it period. move fourth by businesses. fairly ad U.S. no our It’s they XXXX and from level, representing in the U.S. impacted Google. dollars both there negatively to digital us the to in revenue comparison, So quarter as XXXX Google’s revenue is same
number revenue the of tightly. the things most this so always expecting shortfall. And were that of do down manage we decline We more Expenses we’re of are revenue to is address taking expenses one pleased to X.X% the we obvious with were a course quarter steps that. when
we with correction as in terms is we elections, a that typical a year, not revenue with the is year, be normally quite well up be goes do hardly say which there. the as well but as of midyear collecting presidential intense there’ll in well still it will XXXX be revenue likely election, do year As for We far albeit political self as somewhat QX, presidential revenue little midterm midterm and a election contestant election political some showing as more do election. in revenue will the self I in of in loaded and a election as QX impact more it won’t be quite back
good revenue of a on with more fixing problem you would -- when We’re time and magazines. and revenue you is problems number example markets operation, also a that small have a music focusing national three of to radio two a take decline which include focus time. a little our number A stations, in where the they networks includes have
in mentioned improve I down closed profitability. early and the making made of middle we some have and have promising. the all organizational earlier in As music magazines to networks been The sold we or efficiency the results XXXX, loss of changes
of we by a in Nashville the For example, the that a in fourth quarter loss quarter in turned of we XXXX had but into XXXX. first $XXX,XXX about profit $XXX,XXX
as in markets approach other We’re taking well. that
announced that Boston for Disney of noticed Radio have WBIX-AM sale may We $XXX,XXX. the station You from in we $XXX,XXX. for acquired that recently in XXXX
also selling format about We a idea tried a year the work we it gave well. we’re work didn’t of we addition, with losses there approximately it to at $XXX,XXX. in profit but So eliminated very
market losses then So the a to and the exit sale. cut a bit of it profit was best report on the
productive. been XXXXAM from that facility. in period our also we’re the AM facility Miami The letters The very is selling format productivity. of will profitable position WKAT, frequency, million station remain One four way, in by We’re been which a has us. to operating moving for better some call for letters the $X.X call our is, stations format XXXXAM Three new time. been lagging Miami the and a XXXX better have facility. for and We’ve in so
this have on property. So not station improve of spinning we making profitability the as that off and on other impact efficiency a to as sale change profitability well or a any few expect that market. significantly on By will adjustments, record gain negative the
matter, digital hired product addressing Additionally, apps, impress To-date, the bit rounding in local VP regional the available our advertising of in from local a their will in. folks to our on customers large developed streams all become of us of what Web particularly markets a increasingly out for to products selling, digital in on will assist train that modernization moving We’ve expertise other our we're our very customer to The the and our digital and digital that efforts been with local by able our digital we base and of small and we’ve new lead digital digital we’ve it’s have. looking our now local expanding ad they’re but And advertising they effective have places. and that the market resources for are clear focused then campaigns. effort specialists the number become of largely our we’re to requires offerings. own established help good advertising customers beyond as be that of help they new we're digital specialists all move all a advertising process sites, dollars, that local advertisers,
that we and represents opportunity an the efforts Internet integrate So source think sell. us and revenue it products products also radio total their for the together with this we represents promotional a
to Miami. respect and sale we’re able Boston sale will that of With then be mention I So to hopeful see results the I activity, some other mentioned good M&A we of the there.
$XXX,XXX. We in also Washington We to We letters on acquired closed the quarter. WWRC one call November during XXth for on DC changed the that the transaction acquired We market. WSPZ-AM.
favorable very transmitter just for for XXth, $X.X December site obtained We On site million. attractive and $X.X station. have arrangement we sold for September leaseback for that we XXth tower previously a the purchased station on the million the
So been out of or $X.XXXX station market $X.X represents ago. entered December X.X% years XXth, purchase cluster We the we Radio very do per pleased number Rock, attractive annually per transaction. share with all-in-all, then March to simply million we’re KZTS-FM dividends based the building agreement a current that an in share round we’ve in stock finally to that an that Arkansas paid have quarterly since on dividend Disney $X.XX there And acquiring the into of yield on and Little price.
Evan, I detail my quarter guidance conclude provide reported XXXX. who on turn Evan? will to also the back first with that, the and will you remarks. give performance for call So I
