Westwood One stays course in 4th qtr.

Westwood One Inc.’s losses held steady in the fourth quarter as the radio programmer posted improving revenue.

But the company took a big accounting hit covering losses from discontinued operations — two stations and Radio & Records magazine. Losses for Westwood’s continuing operations were nearly eliminated.

For the quarter ended Nov. 30, Westwood lost $ 4.3 million (28 cents) compared with a loss of $ 4.3 million (29 cents) in the like period a year ago. The loss from continuing operations was $ 727,000, improved from the $ 3.9 million deficit in the year-ago period.

Revenue was $ 28.3 million, up from $ 25.8 million.

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