Debut Broadcasting Q2 Revenues Drop 19%
August 23, 2011 at 3:56 AM (PT)
DEBUT BROADCASTING CORP. net revenue dropped 19.3% to $447,202 in second quarter 2011, and the company blames the drop on alleged damages incurred in its 2010 lawsuit against former employee MARCUS ROWE and his RADIO NECTAR, LLC and NECTAR MEDIA. Net income rose from $85,033 to $93,810,
DEBUT recently announced the sale of five stations in the GREENVILLE, MS market to DELTA RADIO LLC for $250,000 ($125,000 in a promissory note) (NET NEWS 8/9).