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Article: TV Guide, Inc. Announces First Quarter 2000 Earnings.
- Article from:
- PR Newswire
- Article date:
- April 17, 2000
CopyrightCOPYRIGHT 2000 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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TULSA, Okla., April 16 /PRNewswire/ --
TV Guide, Inc. (Nasdaq: TVGIA) ("TVGIA") today reported consolidated operating income before depreciation and amortization (EBITDA) for the quarter ended March 31, 2000 of $59.6 million (27% increase as compared to the same period in the prior year) on revenues of $299.1 million (48% increase). The 2000 results include the operating results of TV Guide Magazine, which was acquired March 1, 1999, for the entire quarter.
"We had another outstanding quarter that included a 43% increase in advertising revenue on the TV Guide Channel while maintaining strong ad sales results in the magazine group," stated Joe Kiener, ...