Acme Enjoys Slight $3.5 Rev Uptick
For the first quarter, the Santa Ana, Calif.-based Acme had a slightly improving financial picture -- revenues were higher, and net losses narrowed. Net revenues were up 5% to $3.5 million in the first quarter from $3.3 million in 2010. The company's net loss for the first quarter of 2011 was $1.7 million compared to a $1.9 million net loss for the first quarter of 2010.
Some of the company's best results came from its syndicated TV show "The Daily Buzz," where revenues increased 16% for the quarter compared to the prior year quarter.
Doug Gealy, president and CEO of Acme, said: "Market conditions continue to improve, and we are cautiously optimistic that this positive trend will continue at our three remaining continuing stations and "The Daily Buzz" through the remainder of the year." He warned, however, that Acme was seeing "softness in the second quarter in the automotive category."
During the second quarter of 2011, ACME completed the sale of three of its stations WBXX-TV, Knoxville, Tenn., WBDT-TV, Dayton, Ohio, and WCWF-TV (formerly WIWB-TV), in Green Bay-Appleton, Wisconsin.
TV operations now consists of its TV duopoly in Albuquerque-Santa Fe, NM, its television station in Madison, Wis., and its Daily Buzz production entity in Orlando, Florida.
0 comments on "Acme Enjoys Slight $3.5 Rev Uptick".
Leave a Comment
Recent MediaDailyNews Articles
-
Consumers Tag Costco, Movado As Most Promising Brands June 18, 6:09 p.m.
Costco, Cisco and Movado are the three most financially promising pure-play, publicly traded brands in the ... -
'Voice' Sings To Consistent Beat June 18, 5:57 p.m.
One of the biggest shows on broadcast television finished its spring edition pretty close to where ... -
Motorola Hires Digitas For Global Media Account June 18, 5:43 p.m.
Google-owned Motorola has appointed Publicis Groupe’s Digitas to handle global media duties, according to sources. Those ... -
'Jimmy Kimmel,' Myspace Promote Musicians June 18, 2:56 p.m.
Select artists that appear on TV late-night show “Jimmy Kimmel Live” will get to perform an ... -
W+K Amsterdam's Heineken Ad Wins Cannes Lions Grand Prix, Creative June 18, 11:31 a.m.
A Heineken ad campaign from Wieden + Kennedy Amsterdam, the brand’s first global campaign effort, has ... -
Millennials Split In Attitude, Teens Less Upbeat, But Resilient June 18, 10:56 a.m.
MTV says younger U.S. millennials are a bit more pessimistic than older millennials.New millennials ages 14 ... -
Scripps Launches TV Everywhere With TWC June 17, 6:01 p.m.
Scripps Networks has a TV Everywhere deal with Time Warner Cable, allowing viewers access to on-demand ... -
Cannes Lions, Gates Foundation Partner For Global Initiative June 17, 5:51 p.m.
It sounds like a cliché from a beauty pageant, where the contestants talk about the lofty ... -
After TV, Sports Fans Up Coverage On Mobile, Social Nets June 17, 4:27 p.m.
While TV remains the No. 1 platform for sports fans, the second-screen TVs of sports -- ... -
Public Trust In Newspapers Dips Again June 17, 2:19 p.m.
In addition to their well-publicized financial woes, newspapers have a credibility problem, as Americans’ confidence in ...
I look forward to the follow-up story about how they spend the $3.5 uptick in revenue ... a burger and shake maybe ... hehehe.