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JACOR ANNOUNCES FINANCIAL RESULTS FOR THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1993

 CINCINNATI, Aug. 17 /PRNewswire/ -- Jacor Communications, Inc. (NASDAQ: JCOR), reported its financial results for the three months and six months ended June 30, 1993.
 The company had net income of $735,732 or income of $.05 per common share for the second quarter of 1993, compared to a net loss of $(936,463) or a loss of $(2.11) per common share for the second quarter of 1992. For the three months ended June 30, 1993, broadcast revenue increased $6,419,904 over the second quarter of 1992.
 This increase was principally the result of improved local and national spot advertising, revenue generated from the broadcast of professional baseball, (primarily due to the broadcast of the Colorado Rockies' baseball games in 1993 for the first time) and from the revenue generated at those stations which were time brokered by the company during the second quarter of 1993 but not during the comparable 1992 quarter.
 Broadcast operating expenses increased $4,884,803 over the second quarter of 1992. The sports rights fees related to the broadcast of professional baseball, increased selling and other payroll related costs due to the improved local and national spot advertising and the expenses incurred at the stations which were time brokered by the company accounted for most of the increase in expenses. The company experienced increases during the second quarter of 1993 in depreciation and amortization as a result of accounting for the company's January 1993 restructuring.
 In addition, the 1993 three-month period reflects a significant decrease in interest expense as a result of both the restructuring and the refinancing in March 1993.
 Comparability of the net loss of $(331,369) for the six months ended June 30, 1993 and the net loss of $(12,664,742) for the 1992 six-month period is affected by certain unusual events. The 1993 six-month period reflects a $5,033,545 decrease in interest expense as a result of both the restructuring and refinancing accomplished in early 1993. The 1992 six-month period includes a charge against income of $7,082,263 caused by the early termination of an interest rate protection agreement.
 Jacor Communications, Inc., headquartered in Cincinnati, currently owns 13 radio stations, a cable television system and the Georgia Network. The company also operates an additional station through a time brokerage agreement in one of its markets. The company's stations are located in Atlanta; Cincinnati; Denver; Jacksonville, Fla.; Knoxville, Tenn.; and Tampa, Fla.
 JACOR COMMUNICATIONS, INC. AND SUBSIDIARIES
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 (UNAUDITED)
 Three Months Ended
 June 30
 1993 1992
 Broadcast revenue $27,703,851 $21,283,947
 Less agency commissions 3,007,585 2,417,932
 Net revenue 24,696,266 18,866,015
 Broadcast operating expenses 18,772,175 13,887,372
 Depreciation and amortization 2,442,032 1,729,022
 Corporate general and
 administrative expenses 920,858 654,775
 Operating income 2,561,201 2,594,846
 Interest expense (617,795) (3,582,782)
 Interest rate protection
 agreement termination expense --- ---
 Other income, net 48,126 51,473
 Income (loss) before
 income taxes 1,991,532 (936,463)
 Income tax (expense) benefit (1,255,800) ---
 Net income (loss) 735,732 (936,463)
 Preferred stock dividends --- (131,511)
 Decrease in redemption value
 of redeemable common
 stock warrants --- 263,668
 Amount applicable to income
 (loss) per share $ 735,732 $ (804,306)
 Income (loss) per common
 share $ .05 $ (2.11)
 Number of common shares used
 in per share computations 13,748,758 381,430
 Six Months Ended
 June 30
 1993 1992
 Broadcast revenue $44,602,079 $35,987,405
 Less agency commissions 4,822,979 3,993,607
 Net revenue 39,779,100 31,993,798
 Broadcast operating expenses 32,547,752 26,120,473
 Depreciation and amortization 4,686,428 3,392,033
 Corporate general and
 administrative expenses 1,707,051 1,446,633
 Operating income 837,869 1,034,659
 Interest expense (1,746,060) (6,779,605)
 Interest rate protection
 agreement termination expense --- (7,082,263)
 Other income, net 91,622 162,467
 Income (loss) before
 income taxes (816,569) (12,664,742)
 Income tax (expense) benefit 485,200 ---
 Net income (loss) (331,369) (12,664,742)
 Preferred stock dividends --- (263,022)
 Decrease in redemption value
 of redeemable common
 stock warrants --- 639,806
 Amount applicable to income
 (loss) per share $ (331,369) $(12,287,958)
 Income (loss) per common
 share $(.03) $(32.22)
 Number of common shares used
 in per share computations 11,253,673 381,430
 -0- 8/17/93
 /CONTACT: R. Christopher Weber of Jacor Communications, Inc., 513-621-1300/
 (JCOR)


CO: Jacor Communications, Inc. ST: Ohio IN: ENT SU: ERN

AR -- CL011 -- 3570 08/17/93 12:52 EDT
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Date:Aug 17, 1993
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