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Article: AMERICAN TELECASTING ANNOUNCES FOURTH QUARTER RESULTS
- Article from:
- PR Newswire
- Article date:
- March 6, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLORADO SPRINGS, Colo., March 6 /PRNewswire/ -- American Telecasting Inc. (Nasdaq: ATEL) announced today that revenues for the fourth quarter of 1994 increased 279 percent to $8.5 million compared to $2.2 million in 1993. Revenues for the year ended Dec. 31, 1994, totaled $21.6 million, an increase of 201 percent over 1993.
As previously reported, the company added 12,800 customers in the fourth quarter of 1994, increasing its subscriber base to 106,500 compared with 93,700 at the end of the third quarter. The company's subscriber base at systems which the company had owned and operated since the beginning of the prior quarter grew by 11,300 or 17 percent ...