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ACKERLEY COMMUNICATIONS ANNOUNCES FIRST-QUARTER RESULTS

 ACKERLEY COMMUNICATIONS ANNOUNCES FIRST-QUARTER RESULTS
 SEATTLE, May 13 /PRNewswire/ -- Ackerley Communications Inc. (AMEX: AK) reported sales for the first quarter ended March 31 were $47.0 million, down 3 percent from $48.6 million a year earlier.
 Adjusted operating profit (defined as net revenue less operating expenses plus other income before depreciation, amortization and interest) -- the "cash flow" by which the company measures its performance -- for the first quarter decreased 17 percent to $5.3 million from $6.4 million from the previous year.
 The company showed a net loss applicable to common shares of $4.0 million, or 26 cents per share for the quarter ended March 31, compared to a net loss of $5.3 million, or 34 cents per share, for the comparable quarter last year. The decreased net loss was primarily due to lower depreciation, amortization, interest and operating expenses offset by the decrease in sales for the quarter.
 Ackerley Communications is a multimedia advertising business, with interests in outdoor advertising, airport displays, broadcasting and professional sports, specifically the Seattle SuperSonics.
 The company provides display advertisements in more than 130 airport terminals throughout the United States. Its outdoor advertising division services the metropolitan markets of Boston and Worcester, Mass.; Miami, Ft. Lauderdale and West Palm Beach, Fla.; Seattle and Tacoma, Wash.; and Portland, Ore.
 Ackerley's broadcasting properties include television stations KVOS-TV in Bellingham, Wash.; WIXT-TV in Syracuse, N.Y.; KKTV-TV in Colorado Springs, Colo.; KCBA-TV in Salinas and KGET-TV in Bakersfield, Calif. Ackerley also owns radio stations WAXY-FM in Ft. Lauderdale, Fla.; KJR-AM and KLTX-FM in Seattle, Wash.; and KGON-FM and KFXX-AM in Portland, Ore.
 ACKERLEY COMMUNICATIONS INC.
 FINANCIAL HIGHLIGHTS
 (In millions, except per-share amounts)
 Three Months Ended March 31: 1992 1991
 Revenue $47.0 $48.6
 Adjusted operating profit before
 depreciation, amortization and
 interest expenses 5.3 6.4
 Net earnings (loss) applicable to
 common share equivalents (4.0) (5.3)
 Net earnings (loss) per common share
 and common share equivalents (0.26) (0.34)
 Weighted average number of common shares
 and common share equivalents 15.4 15.4
 -0- 5/13/92
 /CONTACT: Susan Mortensen of Ackerley Communications, 206-624-2888/
 (AK) CO: Ackerley Communications Inc. ST: Washington IN: ENT ADV SU: ERN


JH-SF -- SE002 -- 9501 05/13/92 09:01 EDT
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Publication:PR Newswire
Date:May 13, 1992
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