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WTOP's 2010 ad revenue topped all other U.S. radio stations at more than $57 million, according to research firm BIA/Kelsey. It's significant that WTOP is surpassing stations in the top markets of New York City and Los Angeles in revenue because Washington is ranked as the ninth-largest market by population. Mark Fratrik, BIA/Kelsey's vice president and chief economist, said WTOP's new owner Hubbard Broadcasting Corp. has shown a commitment to moving its stations to a digital focus faster than the rest of the industry. "What WTOP is showing here is radio stations have to adapt and think about how are we going to get our information to our audiences," he said. Salt Lake City-based Bonneville International, a for-profit arm of The Church of Jesus Christ of Latter-day Saints, sold WTOP and 16 other radio stations in January to Minneapolis-based Hubbard, which is family owned.
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