Thank Mary. Great. you,
completed. Apple transactions sake last the for Red financials our are As to I'll numbers would same on adjusting year's adjusted with the -- we've I Apple M&A for announced the media. note station speak prior not of a that all quarters sale WABC numbers Red to that for comparability, of our though of basis,
is and that may reviewed operating, we our company one business. now unified because You quarter last we're that the segment reporting determined remember
this to revenue help point the quarter-by-quarter last presentation. breakdown few provides Our results historical are reported release, transition, of on you everybody To more single the a I'd press a which understand segment the new of pages basis. appropriately
QX, $X.X million compared that, of difference. XXXX for the full move in political. million year In revenue impact was in the on the QX, from $XX.X $X.X down resulting results. XXXX and X.X% to With million including an revenue $X.X XXXX Total I'll as or million QX, political was to quarter quarter
up rest on a the which podcasting digital revenue national channel digits more the XX%. with C-Suite than and streaming of our single while includes up basis, our performed year, Consistent well, was year-over-year low streams
our business some some quarters. cancellations As unevenness and call, last between in the channel because of network fourth part the quarter, noted ad on in was we of experiencing shifting
low down strength unlike saw finished the affected revenue year. Network in single be in first Local was -- the driven the result, spot of digits. to market fourth the quarter. a and down the by quarters by also As we continued market three challenges, revenue in quarter
revenue QX the down impact or was million XXXX. Including of $XX.X X.X% political, from total of
down total or million Moving declined the the P&L, in quarter by expenses $X.X X.X%.
our increase other than handful a to proactive increases digital reductions. spot As increases continuing year credits variable commissions, we've and the certain more mix last offset the revenue, of which were in amortization new and led our lower past of discussed shift onetime increases against comparisons expense margin in largely local lines local with by revenue such expense to in combined quarters, costs. a from Those in carries as
in million or early without million, $XX.X million because same at is in That's weakness been X%, XX.X% the basis, year, political excluding the quarter whole normalizing political, the quarter the course declined the but of of and came of on for the a and QX EBITDA station political picture for of generally or revenue EBITDA $XX.X a for by financial decline quarter, year-over-year. in $X.X heaviest some
million Turning and revenue results, X.X% increased basis, X.X% political. on to or $XX.X an $X.X including XXXX for or full million ex-political year total increased
this four Mary mentioned, of year is growth of second decline. As straight top following years our straight line
respectively. the digital revenues up XX% year-over-year and again also For double-digits network leading National finishing led year, year-over-year. nearly grew low spot industry and growth low of the with single-digits way
lower spot, a political to tough million, were in and pressure by XXXX. which do year revenue quick $XX.X increases in $XX.X those X% you, for a throughout the math the decline political offsetting And just Somewhat was was local under lower million political to XXXX. by comparison
predominantly up financial Mary revenue quarter Expenses by general same million was or for driven We the revenues shift with a lower were as in underlying saw this said revenue, year expenses. which from but the picture an year, solid driving variable every X.X%. higher to a margin increase digital net growth margin $XX.X
that were changes in that the $XX.X expense What the with increase offset cost cost to for XXXX, were reduction associated in means able in they XXX% accounted is contractual whether for year with we or the efforts. total revenue onetime than year. net full of fully the variable For also active other increase million increases, expense escalations all more
expenses together, of million X.X% or political, for in impact political, million EBITBA is proud and growth, $X cyclical on revenues ex-political third excluding Putting impact very year of by declined of. EBITDA a row the year. of the marking grew year this we're $XX.X the EBITBA something Including X% the or which
Looking pacing modeling single the is note for XXXX QX, point digits, the stage. including the total million I would activity are political, ex-political right aren't Mary XXX first revenue, your and as to XXXX, as revenue, ahead mentioned to about M&A this numbers M&A also our quarter XXXX a earlier our for political from for of low for of is result total tailwind million this down $XXX.X that basis EBITDA. adjusted year, that total for with numbers QX, $XXX the and $XX.X reported comparison help XXXX QX, million at
also the point WABC in with in we'll numbers quarter, of end some numbers our you this that for at obviously exclude this this and quarter assumption transaction and quarter. part adjustments of on that numbers -- year WABC the can the we'll at those These we help close have but
a of be As QX thought remind know it about to look to QX, we for political to we year, you revenue in also you we had ahead had and creates year, us pacing which would current at channel based this least $XXX,XXX last that helpful tough quarter, be that to is a strong on our going for match. particularly comp network to that hard
time to onetime direct that quarter million new to the increases the in related and expense we're going the of of produce certain rolling in local saw dollars. off credits commissions contracts, expense fourth a items year-over-year as one amortization some we Additionally, of QX such couple of
those XXXX, As are we expected not further look to increases into continue. particular expense
million Now P&L, CapEx in the $XX.X QX, on QX, moving XXXX. in $X.X off with million we spent compared
the For million the we spent line year. full spent in year, $XX.X with last we $XX.X million
past driven required believe upcoming again These is facility moves up maintenance some $XX our We the that million. around business few continue that million closer to more have in facility number the year, to on-going to will CapEx take for this years, have and capital million. $XX moves we up $XX
the had reduced balance on have the payment the mandatory flurry pretty result activity million to year. our end new and we a at Turning a its quarter $XXX past of spring slightly loan, quarterly after sheet, We our this actually quiet initial balance summer. currently of of of from outstanding $XXX.X amortization the term as million
XXXX. of That XXX of plus loan bears a interest LIBOR and at XX, March rate has maturity a
X.XX% We senior have $XXX on XXXX. million our due secured also outstanding notes, in
bankruptcy. by per amount $XXX emergence has paid over more differently, from Said equates sits As debt more an share. Mary since mentioned, was reduced and that million company in XXXX in to now than down net times leverage $XX debt than at million and X.X $XXX the
several to update Finally as mentioned, opportunities we non-core you have on. Mary asset
First, land the on sale. DC
our As significant plans the organizations Toll the we've discussed continuously appealed calls, were development that project. met buyer Toll opposition the from with on over previous community the Brothers of course approvals received that of
in to action of pleased court some has We're we a only chosen call that some not the the great significant third two a as for there announce a the solidifying appeal remaining Toll. that last was court with This appeal. our dismissed. hurdles favour, our on were these the there in that Toll's other ruled was – us, to appeals deal the outcome those court one appellants most approvals is outstanding not were On and have now noted favor file to is
we're further revised We don't be in but details share and to have future. able that announce relatively call, a to on today's finalize optimistic the deal we'll near
Nashville a of estate that piece result a become few in land real property. of we piece the of potentially past a natural valuable years, over general the Second, that Mary have in appreciation mentioned is has
we on. take locations the that would it today. than opportunity for details use look the early do an with we'd with It associated more opportunity sharing to time we us since flush sale Nashville, multiple operations to company will as freeing still time realize from we continuing for we the in possibly to consolidate as generate see which in the our for some up that currently property there, but out Given we're have to goes forward you stages, more value
own been tower or towers broadcast the in mentioned and our radio the on a of we're over portfolio. XXX Mary for last own U.S. some options group exploring We to front, such portfolio the -- we've broadcast are all Lastly, asset large
the of to in may of multiples the to opportunity Given dynamics be in are a where beneficial multiples that in leaseback us. excess our well industry, market, able we be could tower advantage take sale
over again, Here expect and a quarters. our couple stage working we to through in very be the at next the we're possibilities early exploration, of
like a Finally, ruling status for to filed the give with I'd of declaratory we update the on quick petition FCC. that the
As and share crafted you B to our A ownership limits may comply warrants foreign and know, current in consists which with Class to shares XX%. series was of that rule the X X structure equity
in rule. foreign declaratory the this structure, filed ownership of higher However, Class they stock permitted to under the a warrants trade petition XXXX our than into NASDAQ, class in July in and to simplify conversions A accelerate the ruling for -- we on shares allow
issued the respect a off the Team FCC, the of branch public to but from executive XXst for period filing No of party representatives than notice other the of Telecom. on FCC comments Team the group Approval petition only review our started request Telecom and with thereafter. closed. also a May Telecom not year petition the involved and has by review filed Team named The comments sign shortly to our on last
positive yesterday, review. their completed Team received news had Telecom Just very that we
the cleared more Class back in months. will easier this We'll we A its this So to in as FCC into a last few believe important shares. and developments forward be continue and it critical a warrants making will of with on on the think an the you is we've liquidity matter by resolution step our convert matter this enhancing hurdle goes now the to we of FCC the A to process shares the and step Class -- keep apprised take
concludes remarks. prepared my that And
