Revenue improved 15% at the still-growing Mega TV division, though it shows an operating loss of $1.8 million. On the much bigger radio side, New York and Miami suffered decreases in local revenues. National business was up in every one of the SBS markets. CEO Raul Alarcon reports “some improvement in the business environment across select markets during first quarter.” The Miami-based company is still nursing a stock price (86 cents at yesterday's market close) that is below the NASDAQ's $1-per-share minimum. It is asking shareholders for approval to do a reverse split of at least 1-for-5 and as much as 1-for-10.