10.01.2004 12:00 AM
Emmis Reports Q2 Revenue Increase
Emmis Communications experienced an eight percent increase for Q2 ending August 31, 2004. Net revenue was $166.8 million, up from $154.6 million for the same period last year.

Diluted earnings per share for Q2 was 23 cents compared to 14 cents for the same quarter last year.

"In radio we outperformed our markets by four percent, while our television group had eight stations in eleven measured markets exceed their market revenue growth, said Jeff Smulyan, chairman and CEO of Emmis.

Reported and pro forma television net revenues increased 10 percent. Operating income was $41.9 million, compared to $37 million for the same quarter last year.

Net revenues for international radio were $4.8 million and station operating expenses for the quarter were $3.3 million.

Depreciation and amortization was $11.3 million, down from 11.5 million for the same quarter in '03. Capital expenditures were $5.2 million, down from $5.8 million for the same period last year.

Also, during Q2, as part of an agreement between Emmis and the FCC over indecency issues, the broadcaster made a voluntary contribution to the U.S. Treasury to the tune of $300,000, resulting in the commission dropping all inquiries and fines against Emmis concerning indecency-related issues.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Thursday 10:05 AM
NAB Requests Expedited Review of Spectrum Auction Lawsuit
“Broadcasters assigned to new channels following the auction could be forced to accept reductions in their coverage area and population served, with no practical remedy.” ~NAB

K-Communciations & Associates /   Wednesday 08:20 PM
First UK InfoComm CTS-Prep 3-Day Course

 
Featured Articles
Discover TV Technology