Fisher Down 19% In Q4; Radio Revs Down 8%
March 11, 2010 at 6:39 AM (PT)
FISHER COMMUNICATIONS has reported its financial results for the fourth quarter and the fiscal year ended DECEMBER 31st, 2009, saying "While economic conditions resulting in reduced advertising spending clearly impacted the Company's quarterly and full-year results, FISHER benefited in the fourth quarter from a 4% increase in core (non-political) television net advertising revenue as compared to the same quarter last year."
Total revenue for Q4 decreased 19% to $38.6 million compared to Q4 of 2008, primarily due to lower political advertising revenue.
On the radio side, net revenue decreased 8% to $6.1 million. Radio BCF and BCF margin were virtually unchanged at $1.1 million and 17.4%, respectively.