Fisher Q1 Revenue Rises
April 30, 2008 at 6:53 AM (PT)
FISHER COMMUNICATIONS first-quarter revenue increased 10% to $37.7 million, credited to revenue from the addition of CBS affiliate KBAK-TV and FOX affiliate KBFX-CA/BAKERSFIELD. Adjusted EBITDA rose from $2.3 million to $3.0 million, but Operating Cash Flow slipped from $34.9 million to $32.2 million.
"In the current environment, we are pleased with the first quarter of 2008 continuing our trend of revenue growth and margin improvement in our core TV business," said President/CEO COLLEEN B. BROWN. "We recognize we have further room for improvement and have initiatives in place to get us there."