Wednesday earnings roundup
Sinclair cuts debt, Cox beats streetSinclair cuts debt in Q1
Sinclair Broadcast Group said Wednesday that it swung to a first-quarter profit, helped by a smaller debt extinguishment loss. Sinclair reported earnings of $16.4 million, compared with a loss of $2.4 million a year ago.
Crown media improves
Crown Media said Wednesday that it narrowed its first-quarter loss to $14.7 million, compared with $40.2 million a year ago, as advertising revenue and affiliate fees increased. Revenue rose 32% to $70.6 million.
Cox beats street
Cox Radio posted quarterly results that beat market estimates as it managed costs effectively amid a tough environment for ad-based media. For the first quarter, Cox's net income was $12.8 million, compared with $13.5 million a year ago. Revenue fell 2.9% to $97.8 million.
RTL Q1 profit soars
RTL Group left competitor ProSiebenSat.1 in the dust in the first quarter, boosting revenue 2% to €1.3 billion ($2.1 billion) and upping operating profit 8.7%.
France Telecom grows
France Telecom continued its stable growth in profit with a 3.7% jump in first-quarter revenue to €13 billion ($20.1 billion). France Telecom's gross operating margin rose 4.6% to €4.8 billion ($7.4 billion) during the quarter.