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Article: Debut Broadcasting Corporation, Inc. Reports First Quarter Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- May 16, 2008
CopyrightCOPYRIGHT 2008 Business Wire. 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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NASHVILLE, Tenn. -- Debut Broadcasting Corporation (OTCBB: DBTB), a media and entertainment company, today announced its results for its 2008 first quarter ended March 31.
Debut Broadcasting[TM] generated net revenue of $451,345, an increase of $187,878 or 41 percent, compared to $263,467 for the quarter ended March 31, 2007. As a result of the increased costs for legal, accounting, audit and administrative fees, Debut's overall loss for the three-month period ending March 31, 2008 was $260,796, compared to $109,480 at the end of the 2007 first quarter. However, the first quarter 2008 loss has narrowed significantly when compared on a quarter-by-quarter basis to ...