Rentrak Corp. recorded a net loss of $ 685,006 (7 cents a share), compared to a net profit of $ 551,424 (6 cents), for the third fiscal quarter, ended Dec. 31 .The company’s revenues were flat at $ 14.3 million, vs. $ 14.5 million in the comparable period. Operating income from domestic pay-per-transaction operations was $ 273,250 for the latest quarter. However, Rentrak recorded a loss of $ 869,000 as its share of losses from international operations in development and $ 89,000 in losses from other operations. A group including N.Y. money manager Mario Gabelli cut its common shares stake in Chris-Craft Industries Inc. to 30.48%. In a Securities & Exchange Commission filing, the group said it sold shares from Dec. 28 to Feb. 11 at prices from $ 31.625 to $ 35.0417 a share to reduce the stake by about 1%, or about 6.02 million common shares. Comcast Corp. announced yesterday that it intends to redeem all $ 99,770,000 outstanding principal amount of its 2 3/4% convertible subordinated debentures due 2003 on March 17, 1993, at the redemption price of $ 1,037.15 per $ 1,000 debenture. Debentures are convertible into Class A special common stock of Comcast through March 17. Each $ 1,000 principal amount of debentures is convertible into 80.819 shares of Class A special common.
Want Entertainment News First? Sign up for Variety Alerts and Newsletters!