DICK CLARK SHARES HIT A NEW HIGH.Byline: Dave McNary Daily News Staff Writer Shares of Dick Clark
Richard Wagstaff "Dick" Clark (born November 30, 1929) is an Emmy Award-winning American television, radio personality, game show host and businessman, he served as Productions Inc. hit an all-time high Thursday after the entertainment company reported sharply improved profits and revenues. Dick Clark stock rose 2-1/2 to 17-1/2 in typically light trading with 3,400 shares changing hands. It was the first time shares traded since May 5. Earnings for its third quarter ended March 31 totaled $5.7 million, or 65 cents a diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, up 28 percent from the year-ago period, due to improved profits in TV productions. Sales increased 63 percent to $36.2 million due to production of three TV series (``Beyond Belief: Fact or Fiction,'' ``TV Censored cen·sor n. 1. A person authorized to examine books, films, or other material and to remove or suppress what is considered morally, politically, or otherwise objectionable. 2. Bloopers '98'' and ``Prime Time Country''), higher revenue from TV specials and more sales from three new locations for the nine-outlet Bandstand Grill chain. ``We are very pleased to report the best third-quarter results and net income in our history as a public company as well as our 21st consecutive profitable quarter,'' said Francis C. La Maina, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , in a prepared statement. Dick Clark founded his Burbank-based company in 1957 to produce ``American Bandstand American Bandstand durable and popular TV show; teenagers are featured performers. [TV: Terrace, I, 52] See : Teenager ,'' which ran through 1989. The concern began diversifying in the late 1960s with game shows and awards shows, then went public in 1987. |
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