Correcting Young Broadcasting tabular information in earnings release from earlier today.--(BUSINESS WIRE)--February 14, 1997-- In BW1010 (YOUNG-BROADCASTING) Announces Record Revenues..., tabular tab·u·lar adj. 1. Having a plane surface; flat. 2. Organized as a table or list. 3. Calculated by means of a table. tabular resembling a table. information for the Year Ended Dec. 31, 1995 (PRO FORMA As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma ), under Other Financial Data: Broadcast cash flow, should read xxx $113,059 (sted $113,159). The following is a corrected version of the table:
Young Broadcasting and Subsidiaries
Consolidated Statements of Operations
(Unaudited)
HISTORICAL PRO FORMA(1)
Year Ended Dec. 31,
1996 1995 1996 1995
(dollars in thousands, except per share data)
Net revenues $154,343 $122,530 $261,542 $245,788
Operating expenses 80,066 61,380 141,508 136,867
Depreciation and amortization 30,946 24,572 50,931 50,492
Non-cash compensation 848 1,167 848 1,167
Operating income 42,483 35,411 $68,255 $57,262
Interest income 2,099 378 -- --
Interest expense, net (42,838) (32,644) -- --
Other expenses (839) (611) -- --
(41,578) (32,877) -- --
Income before
extraordinary item 905 2,534 -- --
Extraordinary loss on
extinguishment of debt 0 (9,125) -- --
Net income (loss) $905 ($6,591) -- --
Earnings (loss) per common share:
Primary and fully diluted
Before extraordinary item $0.08 $0.23 -- --
Net income (loss) $0.08 ($0.61) -- --
Other Financial Data:
Broadcast cash flow $79,269 $64,169 $124,830 $113,059
Broadcast cash flow margin 51.4% 52.4% 47.7% 46.0%
CONTACT: Young Broadcasting Young Broadcasting NASDAQ: YBTVA is an American holding company that operates 13 television stations. Though the company is publicly held, it is the outgrowth of the ad representation/invest firm Adam Young, Inc. Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Vincent Young, Chairman or James Morgan James Morgan may refer to:
212/754-7070 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion