Revenue growth for Sea FM and Mix FM Sunshine Coast | radioinfo

Revenue growth for Sea FM and Mix FM Sunshine Coast

Tuesday 18 November, 2014

Oceania Capital Partners, investment company behind Sea FM and Mix FM on the Sunshine Coast, has reported $4.5m in revenue in its half-yearly financial report, a 17.3% increase from last year.

This includes revenue of $4m and profit of $900,000 before tax from the operations of Sunshine Coast Broadcasters.

Eon Broadcasting, the parent company of Sea FM and Mix FM made $710,000 in profit, down from the $900,000 profit in the previous corresponding period. Expenses increased by 18%, due partly to the increased cost associated with poaching the Todd and Sami from rival Hot FM.

Oceania's report said;

"August 2014 saw the introduction of the Todd and Sami drive show on Mix FM. The show has been well received in the market with positive feedback being received from listeners.

We are also pleased to report that the other live shows on the stations continue to perform well.

We believe the two stations are the premier stations on the Sunshine Coast and the CEO of the stations, John Williams, has committed his team to maintaining that position."
 


 

For the full report, click here.

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