Revenues Rise For Fisher In Q1
April 29, 2010 at 6:28 AM (PT)
FISHER COMMUNICATIONS, INC. first-quarter total revenue increased 24% to $35.3 million, including an 8% increase in radio revenue to $5.3 million and a 31% increase in television revenue to $26.6 million. The company's net loss narrowed from $4.3 million to $2.2 million.
FISHER Pres./CEO COLLEEN B. BROWN said, "Our first-quarter performance reflects the improving macro-economic environment and our ability to capture a larger share of the market through our operational improvements. Our efforts not only provided us some resiliency during the down cycle, but more importantly, we believe they have positioned us to take full advantage of the economic recovery as it takes shape.
"The broadcast industry continues to evolve as consumers increasingly turn to emerging channels such as mobile devices and online delivery for more personalized news and entertainment. As we position the Company for future growth, we remain focused on leveraging our technology, strong brands, and other inherent broadcast strengths to expand FISHER's reach and to better serve our communities by delivering tailored content across multiple platforms and providing innovative advertising solutions for local businesses."