Lincoln Financial Reports Q4 Income Lower
February 5, 2008 at 5:41 AM (PT)
LINCOLN FINANCIAL fourth quarter overall revenues fell slightly from $2.617 billion to $2.606 billion, with net income off from $381 million to $113 million ($.36 to 42 cents/diluted share).
The company has moved its remaining media properties, including radio and TV, into its "Other Operations" division, which showed a widening operating loss from $30 million to $62 million for the quarter, with the 2007 figure including $16 million of unfavorable expense items primarily related to non-qualified benefit plan changes and $28 million of merger-related expenses. LINCOLN FINANCIAL recently closed on the sale of Talk WBT-A-F and Talk/AC WLNK (107.9 THE LINK)/CHARLOTTE to GREATER MEDIA.