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Westwood One


reported fourth-quarter earnings this morning that beat Wall Street's slightly lowered estimates by 3 cents, and the company attributed operating cash flow gains in the latest period to increasing revenue.

For the fourth quarter ended Dec. 31, Westwood One earned $17.8 million, or 16 cents a share, up from $14.4 million, or 12 cents a share, in the year-ago period. Three analysts surveyed by

First Call/Thomson Financial

expected the company, which is based in New York, to earn 13 cents a share.

Westwood One said its operating cash flow reached $54.7 million, up 13% from $48.5 million in the same quarter last year. The company cited higher revenue and benefits from its

Metro Networks

division as factors in its growth.

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The company, which supplies radio and television stations with information services and programming, also posted fourth-quarter revenue of $156.1 million, up from $154.5 million in the same quarter last year.

In January, Westwood One agreed to distribute


hugely popular "Total Request Live" to radio fans beginning March 1. MTV is a division of




Shares of Westwood One gained 65 cents, or 3.3%, to $20.12 in recent

New York Stock Exchange