Radio Centro Revealed Healthy Top-Line Growth in a Third Quarter Marred by Operating Costs
In the third quarter, Radio Centro revealed solid top-line growth, but an expansion of operating costs compared with last year highlights our concern over the industry’s high fixed costs. While Radio Centro holds a dominant share of the Mexico City market, we believe the radio industry is facing significant headwinds from the growing adoption of smartphones and other wireless products, which are lowering the barrier to entry to produce audio content. As a result, we do not believe Radio Centro p...Grupo Radio Centro is the parent company of a group engaged in radio broadcasting. Co.'s major activities are the production and broadcasting of musical programs, news, interviews and special events. Co. is also involved in the marketing of commercial air time to advertising agencies and businesses. Co. operates a radio network in Mexico. In addition to its radio broadcasting activities, Co., under the trade name Organizacion Impulsora de Radio, acts as the national sales representative for and provides programming to a network of affiliates in Mexico.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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