Ackerley reports continuing gains for the quarter and first nine months.

SEATTLE--(BUSINESS WIRE)--Oct. 23, 1995--Ackerley Communications Inc. (ASE:AK) reported sales for the third quarter ended Sept. 30 were $47.1 million, up seven percent from $44.1 million a year earlier.

For the first nine months of 1995, the company's sales were $166.9 million, up 14 percent from $146.9 million last year.

Operating cash flow (defined as net revenue less operating expenses plus other income before depreciation, amortization, interest and gain on divestiture of assets) for the quarter increased five percent to $10.2 million, up from $9.7 million last year.

The company's operating cash flow for the first nine months increased 17 percent to $33.6 million from $28.6 million for the same period in the previous year. Both the out of home and broadcast segments contributed to the increase in operating cash flow.

"We continue on a record-breaking course for the year. Sales, operating cash flow and net income through the first nine months have all increased over last year. In addition, our net income per share, before dispositions and taxes, has gone from 12 cents to 40 cents for the first nine months," said Denis Curley, CFO of Ackerley Communications Inc.

Ackerley Communications showed a net income of $1.1 million, or seven cents per share for the third quarter of 1995, compared to $0.5 million or 3 cents per share, for the comparable quarter last year. For the first nine months of 1995, the company reported a net income of $5.2 million or 33 cents per share, vs. $4.4 million or 28 cents per share for the comparable period in 1994.

Ackerley Communications is a multimedia advertising and entertainment business, with interests in outdoor advertising, airport displays, broadcasting and professional sports. The company provides display advertisements in more than 110 airport terminals throughout the United States. Its outdoor advertising division services the metropolitan markets of Boston, Miami, Seattle and Portland, Ore.

Ackerley's broadcasting properties include television stations KVOS-TV in Bellingham; WIXT-TV in Syracuse; KKTV-TV in Colorado Springs; KCBA-TV in Salinas and KGET-TV in Bakersfield. Ackerley also holds a majority interest in a partnership that owns Seattle radio stations KJR-AM, KJR-FM and KUBE-FM.

Ackerley's sports entertainment division consists of the Seattle SuperSonics of the National Basketball Association; the Seattle SeaDogs of the Continental Indoor Soccer League; and Full House Sports and Entertainment, a sports marketing and promotion company. -0-

                           FINANCIAL HIGHLIGHTS
                   (In millions, except per-share amounts)

                             Three months         Nine months
                                ended               ended
                          9/30/95  9/30/94    9/30/95   9/30/94

Revenue                  $  47.1  $  44.1    $  166.9  $  146.9
Operating cash flow
 before depreciation,
  amortization, interest
   and gain on dis-
    position of assets      10.2      9.7        33.6      28.6
Income before disposition
 of assets and income
  taxes                      1.4       .5         6.4       1.9
Net income                   1.1       .5         5.2       4.4
Per common share:
  Income before disposition
   of assets and income
    taxes                9 cents  3 cents    40 cents  12 cents
  Net income             7 cents  3 cents    33 cents  28 cents

Weighted average number
 of common shares           15.9     15.8        15.9      15.8

CONTACT: Ackerley Communications Inc.

Dan Evans Jr., 206/624-2888