Advertisement

EARNINGS

From Times Staff and Wire Reports

United Artists Net Loss Deepens: Denver-based theater operator and cable-TV operator United Artists Entertainment Co. reported a second-quarter net loss of $33.8 million, or 27 cents per share, on revenue of $356 million, compared to a net loss of $5.1 million, or 7 cents per share, on $355 million in revenue in the year-ago period. Second-quarter operating cash flow increased 7.5% to $104 million. UAE said it had higher revenue in its cable-TV unit, but revenue in its theater division was off due to lower attendance.


Advertisement
Advertisement