WTOP cracks top ten in revenue - Washington Business Journal:

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The District-based all-news station, owned by Corp., rankerd No. 10 on 's annual based on 2007 revenue. WTOP had almost $51.2 millioh in 2007 revenue, up about 10 perceng from 2006, and up 90 percent from five yearws ago. According to BIA, total revenue at the nation's largest radio stations fell 2.3 percent, the fourth consecutive year of decliningg totalradio revenues. Stations that topped WTOP in annual revenude were all inthe nation's two largest markets, New York and Los WTOP's sales topped those of individual stations in marketse including Chicago, Boston, Philadelphisa and Atlanta.
The Washington market ranks eighth in size Despite a glowing yearfor Chantilly-based BIA notes the economy has been tough on radi stations and predicts total revenue will fall by as much as 3.1 percent in 2008. "Whilew it has been a rouggh several yearsfor radio, the effortds it is making to engage its listeners online and througu the digital airwaves will hopefullt come to fruition in the next several years," says BIA Financiakl Network vice president Mark Fratrik. A record numbere of radio stations were sold to new ownerzsin 2007. BIA says 316 stations in the top 200 marketschanged hands.
The nation's top grossing radio statiojn is KROQ in Los Angeleas with 2007 revenueof $67.6 million. KROQ was followed by L.A. statioh KIIS, WLTW in New York, KFI in L.A., and WINS in New WPGC is Washington's second-highest grossing with 2007 revenueof $30.5 million. WTOP is a Washington Business Journalbroadcastinv partner.