Comments on: Journal sees brutal fourth quarter http://idahoradionews.com/index.php/2009/02/15/journals-q4-profit-grim/ News, notes and the inside scoop on Idaho's radio industry & beyond Mon, 12 Mar 2012 04:43:11 -0700 http://wordpress.org/?v=2.9 hourly 1 By: KJ Mac http://idahoradionews.com/index.php/2009/02/15/journals-q4-profit-grim/comment-page-1/#comment-92962 KJ Mac Wed, 18 Mar 2009 17:35:17 +0000 http://idahoradionews.com/?p=3089#comment-92962 I know you always want to be fair on this sight, so I guess you missed this 4th quarter report.... Citadel Broadcasting Q4 Revenue Fell 12.7%, Radio Down Citadel Broadcasting posted a 12.7% decline in net revenue for the fourth quarter of $214.2 million as compared to $245.5 million in 2007, mainly due to lower revenue of $27.9 million from its radio markets. Operating loss fell to $787.3 million from $1.04 billion on an impairment charge of $836.5 million. Excluding the charge OI would have been $10.1 million. The company's radio markets reported net revenue of $169.7 million down from $197.7 million in 2007. The company's radio network, ABC Radio, posted Q4 revenues of $46.4 million compared to $49.8 million. (03-16-09) I know you always want to be fair on this sight, so I guess you missed this 4th quarter report….

Citadel Broadcasting Q4 Revenue Fell 12.7%, Radio Down

Citadel Broadcasting posted a 12.7% decline in net revenue for the fourth quarter of $214.2 million as compared to $245.5 million in 2007, mainly due to lower revenue of $27.9 million from its radio markets. Operating loss fell to $787.3 million from $1.04 billion on an impairment charge of $836.5 million. Excluding the charge OI would have been $10.1 million.

The company’s radio markets reported net revenue of $169.7 million down from $197.7 million in 2007. The company’s radio network, ABC Radio, posted Q4 revenues of $46.4 million compared to $49.8 million. (03-16-09)

]]> By: Rainshadow http://idahoradionews.com/index.php/2009/02/15/journals-q4-profit-grim/comment-page-1/#comment-92792 Rainshadow Sat, 28 Feb 2009 08:29:59 +0000 http://idahoradionews.com/?p=3089#comment-92792 Hearst wants to sell/shut down the San Francisco Chronicle and may soon close the Seattle PI, since there are no buyers for either paper. Since it costs about $10 to produce a single issue, it is getting harder and harder to justify spending over $3,000,000 a day just to print a single edition. Add in staff salaries and the cost of distribution and you know the old saying - a million here and a million there and pretty soon you run into real money. Can Journal be far behind in shutting down its newspaper division? Hearst wants to sell/shut down the San Francisco Chronicle and may soon close the Seattle PI, since there are no buyers for either paper. Since it costs about $10 to produce a single issue, it is getting harder and harder to justify spending over $3,000,000 a day just to print a single edition. Add in staff salaries and the cost of distribution and you know the old saying – a million here and a million there and pretty soon you run into real money. Can Journal be far behind in shutting down its newspaper division?

]]> By: Kelly b http://idahoradionews.com/index.php/2009/02/15/journals-q4-profit-grim/comment-page-1/#comment-92718 Kelly b Tue, 17 Feb 2009 19:34:07 +0000 http://idahoradionews.com/?p=3089#comment-92718 And this was during and election year! And this was during and election year!

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