Fisher Q3 Revenues Up, Loss Narrows
November 1, 2007 at 6:23 AM (PT)
FISHER COMMUNICATIONS third-quarter revenues rose 5% to $2.1 million and radio revenue rose 6% to $679,000, with net loss narrowing from $671,000 to $533,000. Net loss from continuing operations narrowed from $784,000 to $601,000.
"The third quarter of 2007 continued our trend of revenue growth," said Pres./CEO COLLEEN BROWN. "The revenue increase was driven by FISHER's expanding efforts in Spanish-language television, increased broadcast advertising, increased rental income from FISHER PLAZA, and an improved news performance. During the final quarter of the year, we will grow our UNIVISION-affiliated stations' revenue and expand our Internet presence."