Printer Friendly

UNITED TELEVISION INC. REPORTS FIRST QUARTER RESULTS

 UNITED TELEVISION INC. REPORTS FIRST QUARTER RESULTS
 LOS ANGELES, April 14 /PRNewswire/ -- United Television Inc.


(NASDAQ: UTVI) today announced a first quarter net loss of $2,127,000, or $.20 per share, compared to last year's first quarter net loss of $1,701,000, or $.16 per share.
 Net revenues for the 1992 first quarter were $24,923,000, an increase of only 1 percent from last year's $24,748,000, as advertiser demand for television time continued to be adversely affected by the recession. Primarily because of expenses associated with the development of new programming, the company's first quarter operating loss increased 14 percent to $6,155,000 from $5,410,000 last year.
 Dividend and interest income, net for the quarter was $3,428,000 compared with $2,959,000 last year.
 UNITED TELEVISION INC. AND SUBSIDIARIES
 Condensed Consolidated Statements of Operations
 Three Months Ended March 31, 1992 and 1991
 (Unaudited - In thousands except per share data)
 1992 1991
 Net revenues $24,923 $24,748
 Operating loss ($6,155) ($5,410)
 Dividend and interest
 income, net 3,428 2,959
 Loss before
 income taxes (2,727) (2,451)
 Income tax benefit 600 750
 Net loss ($2,127) ($1,701)
 Net loss per share ($0.20) ($0.16)
 Average outstanding
 common shares 10,556 10,675
 -0- 4/14/92
 /CONTACT: Garth S. Lindsey, executive VP of United Television, 213-854-0426/
 (UTVI) CO: United Television Inc. ST: California IN: ENT SU: ERN


CH-KJ -- LA032 -- 8380 04/14/92 17:16 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 14, 1992
Words:251
Previous Article:LINEAR TECHNOLOGY CORP. ANNOUNCES CONTINUED STOCK REPURCHASE AUTHORIZATION
Next Article:MESA AIRLINES INAUGURATES SERVICE TO LOS ANGELES


Related Articles
BHC REPORTS FIRST QUARTER EARNINGS
CHRIS-CRAFT REPORTS FIRST-QUARTER EARNINGS
UNITED TELEVISION INC. REPORTS SECOND QUARTER RESULTS
UNITED TELEVISION INC. REPORTS IMPROVED THIRD QUARTER RESULTS
UNITED TELEVISION INC. REPORTS $13,167,000 FIRST QUARTER NET INCOME AND RECORD OPERATING PROFIT
UNITED TELEVISION INC. REPORTS $13,167,000 FIRST QUARTER NET INCOME AND RECORD OPERATING PROFIT
CHRIS-CRAFT REPORTS SLIGHTLY HIGHER FIRST QUARTER NET INCOME DESPITE DECLINE IN STATION EARNINGS
Chris-Craft Industries, Inc. Reports First Quarter Results.
BHC Communications, Inc. Reports Higher First Quarter Net Income on Record First Quarter Revenues and Operating Income.
Chris-Craft Industries, Inc. Reports Record First Quarter Operating Income As Core Television Broadcasting Division Operating Income Surges 41% to a...

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters