Corporate expenses increased to $12.5 million for the nine-month period ended September 30, 2012 from $11.4 million for the nine-month period ended September 30, 2011, an increase of $1.1 million. The increase was primarily attributable to the increase in bonuses, non-cash stock-based compensation, salary expense and interactive media-related expenses.
The following represents selected unaudited segment information:
Three-Month Period Ended September 30, ------------------- 2012 2011 % Change ---- ---- -------- Net Revenue Television $40,903 $33,564 22% Radio 17,583 16,551 6% Total $58,486 $50,115 17% Operating Expenses (1) Television $19,573 $18,203 8% Radio 13,313 13,000 2% Total $32,886 $31,203 5% Corporate Expenses (1) $4,465 $3,885 15% Consolidated adjusted EBITDA (1) $21,640 $15,125 43% (1) Operating expenses, Corporate expenses, and Consolidated adjusted EBITDA are defined on page 1.
Entravision Communications Corporation will hold a conference call to discuss its 2012 third quarter results on November 1, 2012 at 5 p.m. Eastern Time. To access the conference call, please dial 412-858-4600 ten minutes prior to the start time. The call will be webcast live and archived for replay on the investor relations portion of the Company's Web site located at www.entravision.com.
Entravision Communications Corporation is a diversified Spanish-language media company utilizing a combination of television, radio and digital operations to reach Hispanic consumers across the United States, as well as the border markets of Mexico. Entravision is the largest affiliate group of both the top-ranked Univision television network and Univision's TeleFutura network, with television stations in 19 of the nation's top 50 Hispanic markets. The company also operates one of the nation's largest groups of primarily Spanish-language radio stations, consisting of 49 owned and operated radio stations. Additionally, Entravision has a variety of cross-platform digital content and sales offerings designed to capitalize on the company's leadership position within the Hispanic broadcasting community. Entravision shares of Class A Common Stock are traded on The New York Stock Exchange under the symbol: EVC.