Dick Clark Prods. posted lower revenues of $10.6 million and net income of $360,000 for its first quarter of fiscal 2000, ended Sept. 30, due mainly from lower revs from television series production.
For the same period a year ago, the company reported revs of $13 million and profits of $46,000. Net income rose primarily due to a surge in profitability at its communications business.
During the quarter, Dick Clark Prods. delivered the first four episodes of a 24-episode order of “Your Big Break” to Buena Vista TV. Additionally, syndie talker “Donny & Marie” began its second year from Columbia TriStar TV.
Dick Clark Restaurants Inc. opened its eighth Dick Clark’s American Bandstand Grill in Auburn Hills, Mich., and the first Dick Clark’s AB Diner in Schaumburg, Ill.
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Radio Unica Communications added more stations to its network since last year and saw third-quarter revenue jump 60% to $4.7 million.
However, it posted a net loss of $27.8 million, including a one-time charge of $19.6 million for stock-option compensation.
The only national Spanish-lingo radio network was formed three years ago by former Univision and Telemundo topper Joaquin Blaya, and went public last month. IPO net proceeds of nearly $100 million will be used to pay down debt, acquire more stations and upgrade existing stations.
Radio Unica owns and/or operates 12 stations and has 33 affils.