Premiere Blames Loss on Station Start-Up Costs - Los Angeles Times
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
L.A. Times Archives Aug. 24, 1993 12 AM PT Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit WhatsApp Copy Link URL Copied! Print
Premiere Radio Networks Inc., a Sherman Oaks producer of syndicated radio programming, reported losses for its latest second quarter and six-month period.
It said it had expected the losses because of costs of starting up its first radio station, KZDG-FM in Denver.
Premiere’s second-quarter loss was $43,185, in contrast with a year-earlier profit of $346,244. Its revenue edged up to $2.58 million from $2.54 million.
AdvertisementFor the six months, Premiere lost $325,843, while its revenue remained flat at $4.5 million. In the first half of 1992, the company earned $552,727.
More to Read CNN will broadcast a Broadway performance of George Clooney in ‘Good Night, and Good Luck.’ Don’t miss it June 6, 2025 Another act of vandalism in downtown L.A. as Robert O’Hara
defaces ‘Hamlet’ at the Taper June 6, 2025 With ‘Dogma’s’ re-release, director Kevin Smith’s prayers for his cult classic have been answered June 6, 2025