Bottom Line

J2 Communications, parent of National Lampoon Inc., posted a narrower net loss for its fiscal 1992, ended July 31. The video distributor and film producer recorded a net loss of $ 1.2 million (37 cents a share), vs.

$ 2.73 million (95 cents) for the previous fiscal year. Revenues dropped by 26% to $ 4.5 million, from $ 6 million in the comparable period. According to J2 CEO James Jimirro, the company’s performance was in line with its business plan.

Falcon Cable Systems Co., a limited partnership, posted a wider net loss of $ 2.8 million (43 cents a share) for the third quarter ended Sept. 30. The cable company reported a $ 2.5 million (39 cents) net loss in the same period last year. Revenues were up 9.8% to $ 12.7 million, from the comparable quarter. Cash flow, or operating income before depreciation and amortization, grew 4.7% to $ 6 .4 million.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading