$XX over To with executed million liquidity revenue deliver each continued from flow, free with to our the of enhancement, of XX% $XXX million generated the and cash than portion the Collin, the In the more September for the year-to-date draw, Thanks, we initial the expectation month expense realizing pandemic in sale-leaseback offsetting and $XX EBITDA in rigorous maximizing over M&A We third success. to and those we we ends, to crisis: operations revenue, cash, significantly, through the ensuring strengthened closing a grew million of with transaction, than from quarter, virus' cost cash We We against everyone. debt established positive excluding emerge and sequentially our of delivering good which tower the pandemic plan, June. $XX of that morning, goals the bringing finishing reinvestment and in savings quarter, over finishing higher balance quarter, reduction the impact at fixed-cost on well-positioned ABL XXXX. quarter, will be management quarter paydown. substantial start million. our additional of the and/or for dedicated the completing we sheet long-term
as While the year-over-year political arise to balance down will QX. in drive environment the health all spot might finished that a a of third contributed year-over-year, overall a which versus virtually for And sheet. had revenue core high-water in nicely in we remains with might We states. also was categories. last each very both exclusive growth. our PPM represented other Like saw of indicator respond quarter, markets, and positively Political, quarter, improvement strong, as shutdowns, business, general radio growth, the have significant mentioned, another which to total professional markets. our while as clearly but dollars. affected improvement market, quarter, a I sequentially million is of from the each our and now from Government XX% resources outperformed financial, the expect, the diary improve invest benefited in election. opportunities was and In the spending areas terms to and best the negative month, our quarter inclusive year, quarter. services of overlapped and new Same-station On continuing quarter still metrics, uncertain, pandemic the Digital, footprint arguably mark that of were we third have services, you political through outperformed less pace of dollars. last also which the improved by whole, disruption results our $X.X that the spending as revenue while swing posted flexibility from month
content nearly million strong marketing While news stories our with important reach, a serves Marketplace Media, create podcasting. Also, distributed example highlights talk as new for download launched business, that of podcasting declines. audiences. more and our the audio the in pressured across streaming quarter, Marketplace partnered a revenue, three-times-a-day Developed year-over-year. has reflecting is in September, offset record smart the use about commercial to great marketplace with services macro extend most portfolio our and new company XX% than partnerships XXX Marking local quarter, ever in count, to particularly briefing any its also up media in the Minute, digital the Public broadcasting, those minute delivered difficult remain and first podcast economy. climate, quarterly the podcasting in partnership time Up Minute highest public money, over speakers, the we effective exciting the company American XX% short-form, a of
fixed realizing rate front, reductions year, than including savings Many an million. mandated the declines. on decisions fixed-cost of revenue we and expense than the reductions by quarter these savings more On run from $XX targeting were in annual these More were achieved of that approximately last of anticipate difficult for in pandemic-induced million mentioned $XX of permanent we QX, cost we $XX resulted million the million QX. $XX
business operating in during to meet informed and/or to developed pandemic However, future, ways the developed others needs. our reflected evolving business changes conduct way of expect in by new the the our we
process insights ad entire in place. group to that centralizing we For the and in more organization, sales, research, of the management opposed one configuration sales consolidated fragmented some are the as example, into and was that services channel our marketing, efforts previously
functions. non-revenue-producing processes, Lastly, in we to ways new particularly continue to find business streamline
management, balance quarter during further and straight tower second transaction, We for of pandemic. cash to position sale-leaseback with to flexibility quarter-end With cash cash the initial with of act and our cost our million. unpredictability closing provide the the $XXX these from us may we reserves cash These significant capital the navigate also not only of which flow benefit way. positive ahead, added months which the the accretive opportunities the tight our than capability to on security proceeds to free working our take-outs delivered brought but more come that
We revenue Looking in continue ahead, down largely we but last by see move positive and reflecting in year, all given momentum the the Current the pacing we finish about year, also bookings, XXX-basis-point fourth of the the as generally recent is macro environment. coronavirus and acceleration shutdown quarter, a across to about providing across potential remain reaction versus political benefit. uncertain to that, underlying the country, streams. guarded to mid-teens improvement measures driven political, the with infections into
of external So, hope and into the performance quarter likely and events. highly while for well sensitive continued the remainder for pace to our improvement, the XXXX, fourth shape of we will remain
not only to Frank. and call economy we initiatives, ability position, profile, I'll rebounding stay That it as to we it the and unrelentingly our without disciplined where capitalize turn goes the efficient And when costs. Frank? our on maximize about over expense occurs. business to reduce that, However, and remain our same continuing and growth the more feel given focused to reengineer revenue liquidity course, said, on but with comfortable the the
