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ACKERLEY COMMUNICATIONS ANNOUNCES YEAR-END RESULTS

 ACKERLEY COMMUNICATIONS ANNOUNCES YEAR-END RESULTS
 SEATTLE, April 3 /PRNewswire/ -- Ackerley Communications Inc. (AMEX: AK) today reported company sales for the fourth quarter ended Dec. 31 were $51.4 million, down 0.8 percent from $52.0 million for the same period a year earlier. Sales for the year reached $182.2 million, down 0.5 percent from $183.1 million last year.
 Adjusted operating profit (defined as net revenue less operating expenses plus other income before depreciation, amortization, interest and loss on disposition of assets) -- the "cash flow" by which the company measures its performance -- for the fourth quarter increased $1.0 million, or 9.5 percent, to $11.5 million from $10.5 million a year earlier. Adjusted operating profit for the year decreased $2.7 million, or 7.8 percent, to $31.7 million from $34.4 million during the previous year.
 The company showed a net loss applicable to common shares of $24.3 million, or $1.58 per share, for the quarter ended Dec. 31, compared to a net loss of $2.1 million, or 14 cents per share, for the comparable quarter last year. The net loss for the year was $39.1 million, or $2.54 per share, compared to a net loss of $14.5 million, or 94 cents per share, during the previous year.
 The net loss recognized in the fourth quarter was associated with the planned sales of underperforming properties announced by the company in September 1991. Of this amount, $5.6 million represents development costs associated with the company's canceled arena project. Another $10.5 million is associated with the sale of radio station WBOS-FM in Boston. In addition, $6.1 million of the net loss relates to a local marketing agreement between the company's Ft. Lauderdale, Fla., station WAXY-FM and former competitor WHYI-FM. This arrangement puts both radio stations in a better position to benefit from market improvements and also allows the company to reduce expenses.
 "These fourth-quarter losses were directly attributed to asset sales the company had previously announced it would make. We took a careful look at each aspect of our operation and determined that the sale of these underperforming properties would assure both the future stability of the company and its ability to meet its financial obligations," said Denis Curley, chief financial officer of Ackerley Communications Inc.
 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 130 airport terminals throughout the United States. Its outdoor advertising division serves the metropolitan markets of Boston and Worcester, Mass.; Miami, Ft. Lauderdale and West Palm Beach, Fla.; Seattle/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; and KGON-FM and KFXX-AM in Portland, Ore.
 ACKERLEY COMMUNICATIONS INC.
 FINANCIAL HIGHLIGHTS
 (In millions, except per-share amounts)
 Three Months Twelve Months
 Ended Dec. 31: 1991 1990 1991 1990
 Revenue $51.4 $52.0 $182.2 $183.1
 Adjusted operating profit before
 depreciation, amortization,
 interest and loss on
 disposition 11.5 10.5 31.7 34.4
 Net (loss) applicable to
 common shares (24.3) (2.1) (39.1) (14.5)
 Net loss per common share (1.58) (0.14) (2.54) (0.94)
 Weighted average number of
 common shares 15.4 15.4 15.4 15.4
 -0- 4/3/92
 /CONTACT: Susan Mortensen of Ackerley Communications, 206-624-2888/
 (AK) CO: Ackerley Communications ST: Washington IN: ADV SU: ERN


SC-JH -- SE002 -- 4721 04/03/92 09:02 EST
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Date:Apr 3, 1992
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