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Multimedia sees growth in income, revs for 1992

Multimedia reported its 1992 net income rose 25% to $ 60.5 million ($ 1.61 per share) vs. $ 48.4 million ($ 1.30 per share) in 1991.

Revenues grew 10% to $ 576.8 million from $ 524.3 million a year ago.

Fourth-quarter earnings were up 32% to $ 19.2 million (51 cents) from $ 14.5 million (39 cents) for the similar period a year ago. Revenues for the last quarter rose 17% to $ 167.4 million from $ 143.1 million.

The company said its entertainment division’s fourth-quarter revenues include revenues from the telecasts of the division’s highly rated miniseries “Deadly Matrimony,” the “Donahue” 25th-anniversary special on NBC, new season programming including “Sweating Bullets” and the national expansion to additional markets for “The Jerry Springer Show.”

The company said the expenses and start-up costs related to these program ventures were higher than the revenues produced for the quarter.

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