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MediaCo grows Q2 revenue 9% but profitability slides on digital costs

MediaCo’s Q2 net revenue rose to $34 million, up 9%, with digital now 47% of ad revenue. But higher expenses drove Adjusted EBITDA down 38% to $942,000 and widened net loss 17% to $8.6 million.

Why it matters. MediaCo is now cutting companywide costs to close the gap between top-line growth and shrinking margins.

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