Los Angeles-based Gores Group took control of Westwood One several years ago and now says that as part of a new agreement with lenders, it will infuse the company with up to $20 million in additional equity. The lenders agreed to give Westwood some relief on its debt leverage covenants for the fourth quarter. Westwood One CEO Rod Sherwood reports flat revenue overall for the second quarter, due to a slowdown in spending by advertisers. The good news: Westwood “is showing increased bookings in both Metro Traffic and Network Radio in the third and fourth quarters.” The Network division, with more than 150 different syndication products, reports flat revenue for Q2. While the Metro Traffic division shows 3% higher radio revenue but 10% lower revenue from TV. Westwood shows a $3 million operating loss, which is an improvement over last year’s more than $8 million operating loss. Free cash flow improved from a negative $19 million in 2009 to a positive $6 million.